My interest in real estate grew naturally last year from selling my home and buying a short sale.

In short, I believe there will naturally be ups and downs but that the U.S. southwest in general and Las Vegas in particular is primed for further growth (i.e. rental growth and price appreciation). 

Because of the nature of a non-recourse loan, the tendency is for LTVs to be lower and interest rates a bit higher than full recourse loans.

Or is that just the nature of the beast.

The coffee shop it can make a difference with stabilized cap rate if they are local, regional, or national name brand in nature.

Much depends on the nature of the ownership. 

Generally interest from loans and notes is ordinary investment income and gains would be capital in nature (STCG or LTCG).I'm not seeing how you "flipped a house" here? 

The strategies would be different between using a WY LLC (due to it's inherent anonymous nature) and the Nevada and Texas LLC.

I'd factor those into the rent.For utilities that chase the tenant if not paid, such is often the case with electric and natural gas, require the tenants to establish service in their name and pay for it separately.

I couldn't imagine telling my boss that I have to pass on the promotion because my lease had six months to go or my wife telling her mom, sorry, I got a few months left on my lease.And also keep in mind human nature is funny.