Owner gets newness euphoria of opening a location and sales rush in but if the operator doesn't execute at a high level for customer service, fair pricing, and consistent great food time after time then the customers won't be returning on a regular basis if at all.

Even if you hire out the management, you need to be reviewing how the property is preforming and manage the managers.Of course, you can start breaking these down even further, but at a high level, if you can get these three pieces done you will be well on your way.

But moreso if there is a different level of contributions and you want to reduce one partners contribution before you start distributing equally . 

This job is typically 100% commission, but being that it is not an entry level position and I am an entry level candidate, they have offered me a decent sized salary to supplement me until I can establish a foundation in my area.

You want to identify the areas that are in the highest demand by watching inventory levels and sales.

And then related to the numbers but slightly offset... what level of increased risk would you be looking at on that cheaper property?

I made the assumption that was not an issue since the other bedrooms on the same level have taller ceilings.

Loans with high LLPA's (Loan Level Price Adjustment) are a lot higher now because investors aren't paying what they were for the higher coupon rates like they were a month ago. 

Hard to say yet if more "deals" will surface as people face financial difficulty and job losses, so I'm would keep an eye on inventory levels.

At this point everyone is apprised of the federal level relief but there's plenty of money from generous donors and program in and around the Commonwealth.