Wells Fargo as well as most other banks and conventional lenders do not offer such loan.

The purchase will be made using a conventional 30-yr mtg in my name--thus I don't have an LLC or other business entity established.  

The short sales and REO's have not been a major factor in Vegas for a while now (combined they make up less than 20% of our available inventory).

There is generally no provision for taking additional depreciation on real property assets (such as the mid month or mid year convention you mentioned in your first post).  

I haven't dealt with or spoken with any hard money lenders but I will consider them if I run into any problems with my conventional loans. 

If you don't live in the same state and can't move in you will have to buy it with a conventional investor loan.

I agree that education is key before purchasing the first rental.If conventional financing is not an option for your first property, you could try a strategy that  I have been testing out in my neighborhood.

There are conventional loan programs now with very low down down payments as well.

If it was only put in to resell then there is a remote possibility you could be tagged as creating inventory.  

It would expand your hits to people looking for smaller space or just somewhere to store  inventory and equipment for their home-based business.