David,Before you choose a lender, I suggest you attend a seminar conducted by Joe Massey at Castle & Cooke Mortgage.

Foreclosed property has very low price and I learned a lot about them and now cooperating with the seller for selling them, financing the flipping, finding investors and joint venture in setting up a food court spot.

Just some food for thought!

If this is a one time shot then fly your friend in but remember housing him costs, transportation daily to work, food costs, airfare etc.

Way to hard to clean food and dust off of. example:https://www.homedepot.com/p/MSI-Alaska-Gray-Splitface-12-in-x-12-in-x-10mm-Marble-Mesh-Mounted-Mosaic-Tile-ALGRY-SFIL10MM/206741880Too busyhttps://www.homedepot.com/p/MSI-Magica-12-in-x-12-in-x-6mm-Glass-and-Stone-Mesh-Mounted-Mosaic-Tile-SGLS-MAG6MM/206741857Very uniform and neutral, adds design fare.https://www.homedepot.com/p/MSI-Honeycomb-Hexagon-12-in-x-12-in-x-10mm-Natural-Marble-Mesh-Mounted-Mosaic-Floor-and-Wall-Tile-HONCOM-2HEX/205307895

And make sure they understand to NEVER pour cooking oil/grease down the kitchen sink or the toilet. 

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70%   1) Fixed Expenses:        a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance:  5.4% 2) Variable expense - Water bills + repair expense : 16%  Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100%  A) Rental Income: 42%  B) Wage income (W-2) : 26 %  C) House Flipping Revenue: 23%  D) Property Management Revenue: 5%  E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.  

The food is good, though.)I'm a digital photography buff with a background in Photoshop.I do most of my digital photography with clothes on, but you do you.

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

Do the tenants cook for themselves or does the operator have to supply all the meals?