Courteney, I'm not going to critique the actors because there really isn't a reason to. Yes, they were bad, but on a low-budget project you can't exactly get Oscar winners.
I thought the shots were nice, and I liked the black and white. I agree with DirectorIK on the color palate, though.
I thought the dialog was all written well, or at least it seemed to have been from the way it was said on screen.
I've never been a fan of "Later.." cards, but I realize sometimes you have to use them to convey what you need to.
Overall, my suggestion is that you drop these actors and fix the color palate.
And I will be watching...via my subscriptions.
EDIT: The opening scene with them on the phone would be improved by just doing an O.S. voice for the person the other line. That's how I would've done it.