Is there actual plumbing changes or are you just changing the physical sink? 

You will also need to look at your articles of incorporation.  

Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically. https://www.biggerpockets.com/blog/core-four-real-estate-team

However, bank is not accepting virtual address as physical address and the banker is telling me that I cannot open an account in a different state than  where LLC is registered. 

I’ve been in corporate by entire career.

These builders & flippers, etc are risking their money daily (Plans aligned, calculated) in order to grow personally, mentally, & physically.

Fill out your article of incorporations which is not hard and you will need an EIN number so you will have to open up a Business checking account.

That's a lot of transactions, just in hours alone to physically put them together! 

If you are going to go this route, I'd recommend incorporating phone calls and/or doorknocking.

203K Loans can be helpful but can take much away from the bottom line as there are many fees, similar to those of a hard money loan, that are incorporated into the loan on the back end for inspections, draws, follow up, etc, often times +/- $10k-$15k, depending on the size of the loan/rehab budget.