It can weed out the properties that don't at least break even in cash flow.I would think that there are many variables that would have to come in to play, such as different down payment percentages, adjust with current mortgage rates, rent estimates, quality of property/amenities, etc. 

Because the percentage of ownership in these properties is different, I have three LLC's created for the properties.

What percentages do you get on these options?

In short, you can expect:- Smaller leverage percentages- Larger financing costs - More stringent underwriting https://learn.fundthatflip.com/real-estate-investing-blog/real-estate-investing-post-covid-19?

I looked into "Cost Basis" on the IRS website and the rule is that you can assign a reasonable value to the smaller parcel based off of the percentage of acreage of the entire property.

Those are low percentage plays and a complete waste of time.

When I entered this into the BP buy and hold calculator, it actually gave me a warning that it should be a percentage of the monthly rent instead of the monthly amount.What are your thoughts?

Some hoteliers take sba loans from the care act, (cap on loans is $250k times mthly payroll costs,) some lose $ or close their doors, some just hope the economy picks up, or new legislation is created....I wonder what percentage of hotels are going to go out of business...or worse?

The lender may want to underwrite any investor who acquires more than a certain percentage of your company.

However, if you mean your private lender is just going to give you the money directly without it being secured by the property or well-documented, well that must be a pretty good friend of yours and the added risk he's taking on by doing that must be worth a few extra percentage points because that's a very risky way to make a loan.