But it'll be a while before you begin to see fruits of the economic development underway.  

FIND THE PROPERTY 
Section 1: Identifying Potential Flip Properties
One of the key challenges of flipping property is finding a property that has the potential to generate a profit. To identify potential flip proper...

For agents, it can be more than a gig job, it would also be an opportunity to network with local investors and build relationships and network for future client base. 

Due to covid restrictions, I moved my family to our family cabin in Leavenworth, WA to make it easier for agents to book viewings and comply with covid restrictions.

While cash flow is nice I think most people won’t see the fruits of their labor until their properties are paid off by their tenants in 15, 20 or 30 years.

I specialize in agency loans as a banker, we have 50% market share and are the largest funding source, however, not every property, deal type, sponsor (you mentioned prior comparable experience, that is important but also NW & Liq requirements), etc is a fit for agency, and that's why you have plenty of local banks, cmbs, debt funds/private money also financing multifamily.

I run a top 1% team in CA for agents (I'm based in LA as well) - and would be happy to help provide you with any study materials or guidance you need along the way!

There is one form for agencies to completeandanotherformforOwnerstocomplete.

I would recommend searching for agents on BiggerPockets in areas that you are interested in and set up a zoom call.

I do just know having the “problem” of moving away from California with over $400k ** should** be a GREAT problem and lead to fruitful multiplication of those funds.