Quote from @Alfonso Lima: I work in the Houston area and I can get you in touch with a lender that may be able to help. 

Think of the scenerio of something bad happening at the rental.. the extreme case the property had a fire and a tenant was killed ,lets say the surviving partner is suing the landlord for liabilities in a hige amount say millions .Yes they can come after your personal assets to recover that amount ,your primary home,your bak account,your other stuff if you own because you didnot have an LLC in place.Just having an LLc is not gona prevent it but will limit the lawsuit to what is inside the llc.The llC should be done the proper way ,and if books of the LLC are in order it will be hard to pearce the corporate veil.But if books of LLC are not in order,there it self you lost every protection from the LLC structure.At least thats what my research taught me.So it is always imp.

There do seem to be many more online lenders stating they provide loans based on cash-flow of  property, like Spark Rental, Lima One Capital, etc., but I don't know how good they are or how high fees are.

For the out of state properties, I'll probably need to go with crowd-sourcing or a company like Lima One Capital.

Lending home  Lending one  Visio  and Lima one all of those perform I know that I have either borrowed from them or clients of mine have used them to pay me off.

In shopping around it is important to go to different types of lenders, (large banks, small banks, hard money lenders, national investment lenders like Lima one etc.)

@Ned Carey Lima is a town of about 40,000.

Theres an active BPer :-) in your back yard, @ben leboyvich, from Lima,  you may want to connect with. 

LIMA One is also reasonable (check their website).

A beach house 2 hours north of Lima can cost 600000, the quality is nothing great and it can be used due to weather really only 3 months a year.