At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?

Be extra careful with your policies and procedures in regards to Fair Housing protected classes! 

I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

That way you wouldn't need an extra policy.

They like extra room to avoid accidents, etc....Just my $0.02....

You'll likely pull a few hundred extra dollars and will will get shorter leases that could work better for your traveling.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?

I’ve consulted several different people and they have told me in my situation as an investor expanding their portfolio it makes more sense to keep the extra cash as opposed to paying down rentals.

I’ve had the most success with quality for lower cost by hiring guys who have full time jobs doing the same or similar for extra cash during the evenings, but then progress is slow.