Congrats on the purchase.

You'll have all amortization options, but the most common will be 30 year fixed and that's generally the recommended one. 

If the lender is licensed in the state you're buying in, then they can do the loan.

the "too complicated" part is the partnering. 

Hello @Korinne Coleman & welcome to the BP family!

I think the BRRR strategy is a good way to get started. 

I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.

I wrote the above for informational purposes.

Would you be able to rent for cheaper if you didn't have the property?

Kind of Spanish looking building behind the Mexican restaurant.