What I have gathered through 3rd parties is that if a basement does not have access to the outside then the windows in the bedroom are considered to be the 2nd means of egress.

Once they learn how you do business, they will see you as less risky, offer better teams, and maybe even grant you access to cash you wouldn't get otherwise.  

Also, when picking a lender, make sure you pick one that is very familiar with BRRRR strategies, has access to hundreds of lenders to shop the best Hard Money and Refinance partners for you, and that can give you advise on the front end.  

I would make sure that you connect with the right network and team to get access to solid deals and opportunities! 

You have a couple ways to access that equity.... you can 1031 your orange county property into a large multifamily and create cashflow that way.

(I also suggest an in person visit to meet folks and get to know the areas, not to see a particular property but to build relationships.)Once you are active in a market you will start to connect with investors who may be selling, wholesalers who have assignable contracts, and your realtor may also have access to off market opportunities. 

@Jake HughesMore experienced investors may have access to Private Money.

Under $150, easy to install and use, tenant can set their own code but landlord can retain the master and always have access, tenant can't lock themselves out, standard key for emergency backup, batteries last a couple years, etc.

They said that they have access to external direct booking website and they charge higher commission rates if guests book direct vs VRBO platform. 

They can provide personalized advice and may have access to loan programs that suit your needs.