The 3 scenarios are as follows:Scenario #1: sell my condo and invest the capital gains in a market outside of California that I know well and has good cash flow.Scenario #2: refinance my condo under a conventional loan which would free up all of my VA entitlement.

I tried a few times and it was uber frustrating i just never went there again.. and being an agent representing a buyer it was painful.. your buyer is e mailing you everyday wanting updates.. listing agent wont communicate becasue they are swamped and have nothing new.. it was very unproductive way to sell inventory.. but we had to remember this was a crisis and banks simply / and servicing or asset managers simply did not have the man power to deal with it all.. 

Find a way to work on larger deals, more readily available properties, and clients willing to take less yield.At the bottom of the food chain for price needed to purchase you tend to have wholesalers, then flippers to rehab and resale, then investors holding to rent and cash flow.Regular home buyers and sellers tend to trade at higher price points and more inventory on the market.After awhile then you work up into larger deals.

I'm planning on refinancing to a conventional loan.

Hello Everyone,I was just offered a conventional 30 year fixed mortgage with 3% down at a 5.25% interest rate and NO PMI?

If a tenant is fixing to go out it can be less time as the landlord is already negotiating an LOI and then an executed lease with the tenant.Larger spaces big box can sit for awhile but those are rarely built new today mainly re-purposed.In some cold belt states net migration away produces excess inventory and with no growth then other tenants aren't lined up to take the space.Most of my clients are buying in high growth warm belt states even if they live in cold belt.

(Especially when using a conventional loan.)

If you don't like it you can always revert to conventional rental down th eroad if you get burnt out. 

@Timothy Hall finding financing isnt that difficult if you have 20-25% down, good credit and your getting conventional financing. the first thing I would do is make sure you know what a good deal in your area is and analize a lot of properties.

However my 1st loan was conventional.