I am a bit concerned about water long term in AZ and NV. 

Long-term planning allows for steady growth, compounding returns, and the flexibility to adapt to economic and societal changes.

Being out of state, I would suggest vetting your "team", meaning find an investor realtor, lender/s (hard $ / long term), property manager, contractors, etc.

Not only will lenders be effected, but borrower credit, business loans, inventory, and auto credit will suffer when those effected have to relocate, find long term replacement housing and their livelihoods and income are destroyed.

You can have multiple conventional mortgages and have a great credit score as long as you don't pay late or get too close to the maximum debt to income ratio.

Does anyone have any experience with furnished mid term rentals?

For someone new to real estate investing that wants to do long term rentals, do you recommend starting off in an area close to them/an area they're familiar with or someplace that will give them the best return even if it's out of state. 2.

Like to learn about long term rental

I'm aware that many of my competitors use PriceLabs and have wondered what the unseen impact is on pricing (viz. is there an artificial increase in our particular market because of it?).

I think most people would agree that a single family home is better than a condo for a long term rental.