Cash out refinance: Hoping to get 70% LTV from current strip mall commercial property. 1 unit owner occupied. 30 year term.

Have you seen the business financials and previous years rents along with looking at that the banks will want to see its 100% occupied without vacancy to hit a Debt service ratio of 1.25% Minimum in most cases.

(90% of buyers will be owner occupants who can’t/wont buy a tenant occupied home.) check with your local landlord tenant laws about notice periods, post a notice and being a witness.

Unless you have a job offer in Arizona, how is the Loan Officer going to issue you an owner occupied mortgage out of state? 

It currently has 14 out of 17 units occupied, generating a monthly income of $6,300.

We are planning to occupy there for 1 ~ 2 years and looking for cash flow after we leave. 

Accumulation of weeds, vegetation, junk, dead organic matter,debris, garbage, offal, rat harborages, stagnant water, combustible, materials, and similar materials or conditions on a premises constitutes fire, health or safetyhazards.Violation 2: Enter/Occupy Posted STRUNarrative/ Ordinance Description: No person shall enter or occupy the residence due to fire damage and hazardous conditions.Violation 3: Heating facilitiesNarrative/ Ordinance Description: No heating due to no power PG&E pulled the power.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

Assuming you are doing it as an investment property (no-owner occupied) and not a second home, you'd have to put 20%+ down for conventional so you can do DSCR at that point.

The only thing to keep in mind is you need to owner-occupy the property if you buy the property with a VA loan. 2) If you plan on living in one unit self managing would be the best option.