@Seana Yates FYI, these issues/conditions should be covered in the Operating Agreement of the partnership. 

This community gets me in the right room with wealthy people, who can serve as capital partners for projects I can operate.

If you're just buying the building the building and leasing it to an operator, your list of things to do and potential bumps in the road are somewhat reduced, but either way, proceed slowly and methodically, especially if this is your first RAL.

Their entire operation should be set up to get things done fast. 

Robstown is a submarket with typical small market issues.

I’m assuming that a lot depends on operational efficiency and integrity.

But typically these are already home owners so it may be a better than average tenant base as far thrashing the property. 

I would analyze it against ones operating in your area already.

It's more important that you operate the business out of the correct bank account (non comingling of funds).  

For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.