Additionally, for the AR llc, do I need to register the LLC in California as a foreign company?

Securing financing is often one of the biggest challenges new real estate investors face.

Definitely want to talk/meet with a few different ones if possible and try to get to know them and their companies if possible on the front end so you don't have to fly in after the fact. 

Focusing on the best quality real estate will allow you secure more favorable financing terms, more likely to achieve favorable exits/refinances, more likely to attract the best capital partners.

When they presented the opportunity to me, they showed me what countries want it licensed, what companies are interested and all of that.

The same goes for PMs and companies selling properties.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

Some outreach to local companies with a transient workforce may be worth your time - you'd have 1 lease rather than 5 (1 per bedroom).