Chetan,A cash out refinance will not necessarily kill your cash flow or at least not for the long term.

For farm rural property loans, will be harder to come by if you want to get money out of your property, a good rule is to plan on keeping a land property for at least 10 years.If you goal is more cash flow related, you might want to look at buying single family, duplex, triplex or quadplex properties, these are the easiest properties to finance, and there are hundreds if not thousands of lenders in this space. 

I understand that there are potential self storage facilities that can return 20% cash on cash if improvements can be made.

It is well worth the small investment it would take for a consultation to understand what your rights and path forward are.

Purchase price: $250,000 Cash invested: $15,000 Sale price: $385,000 This triplex is my first deal.

Purchase price: $250,000 Cash invested: $15,000 Sale price: $385,000 This triplex is my first deal.

They're offering about 75k worth of incentives, and I'm allowed to use that in a variety of ways.I'm lowering the price by 65k, and using the rest towards closing costs so I can have cash on hand for the next property. 

Now with that said, after i cash out refi, how do I get into more real estate?

But these generally must be in cash.  

It's worth noting that while the VA allows for a loan assumption, you'll need to qualify based on your single income (adjusted for any child support or new debts since the original purchase).