Knowing your exit strategy is essential, regardless of whether your goal is to keep onto the property for the long term, sell it for a profit, or switch to another investing approach.Your choice will ultimately be based on your tastes, risk tolerance, and investing goals.

I am based in Las Vegas ,NV  -- was thinking about acquiring some rental properties in mid-west, possibly TX, AR, TN as well....what your take on it?

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Following - I'm based in California

My guess is, based on the discretion you offered, you're probably looking at a commercial loan product.

Most incentives are based on you occupying the property, but maybe you can get second home financing?

So assume my base email address is like below, except I had to include spaces in there to get past the BP spam blocker (so take the spaces out when you attempt this of course):sb_____3 @ gmail.comI can insert a '+' and unique like so:sb_____3+unique @ gmail.comI can insert a '+' and BP like so:sb_____3+BP @ gmail.comYou get the idea.

I'm happy to give my opinion/response which is business based and not grounded in real estate law.

There relationships are based upon an unequal teacher/pupil dynamic that is not helpful to either party. 

While friends' opinions can offer insights, trust your own judgment based on personal familiarity and research.