From there I'm planning to renovate distressed properties for buy and holds out of state for cash flow purposes because as @Mike D'Arrigo mentioned cash flow in CA leaves much to be desired.

Are you sure you can't reduce the improvement budget and still offer an desirable product?

What makes it desirable?

Hey Thanks man, I think if I or anyone maintains a desire to do this kind of stuff, it's only natural for success to follow.  

. - More info - It's in a highly desirable neighborhood of Willow Glen, an upper middle class area of San Jose. 

Having a desire to control your own professional destiny and be your own boss is a trait shared by top real estate professionals.

If you make your desired return off of cash flow or value add alone, then go ahead.

Most lenders require or at least strongly desire investment vehicles to be single purpose/asset

I was considering a similar route but condo fees are super high in the more desirable developments ($800-900/month).  

It was not my peers in the same boat, it was people and services with the means.I believe being late to the game, experiencing the results of poor choices, gave me an immense appreciation for those that are able to help raise others up and gave me the strong desire to become such a person myself, within the community.The way I see it, this business is a means to an end, to be of service.