Unfortunately I am in California so it makes it a little difficult.

/for-landlords/Although they're here in California, they manage our out-of-state properties.

California follows at 5.4%, with Illinois, Kentucky, and Michigan trailing behind.

I'm Josh Herman and I live in Southern California.

However, DSCR Loans are also strictly for business purpose only, so don't work for house hacking (can't live in any of the units) and if refinancing into DSCR, would have to have moved out and well documented a new residence if you go that routeAs an out-of-state investor from California, should I work with lenders in California, lenders in the Midwest where I’m investing, or does it not matter as long as they can lend?

Andy Sirkin (fantastic legal team from SF) has a library of free online articles and a set of agreements to purchase, to help you on your way to become a Subject Mater Expert. https://andysirkin.com/article...Elizabeth and Christina (The Rental Girls) have done a great job pioneering the shared ownership (TIC's) model in Southern CA. 

In California the DRE does not require you to join any association.

Are your investments registered with either the SEC or with the California Department of Financial Protection & Innovation?

I rented out my Indianapolis suburban home in 2019 when I moved back to California.

Some states like california you can do trust deeds where you break off the loan into multiple pieces.All of these will require significant capital to scale with your own funds.