I would like to take on real estate investing full time. I have two options I am considering:  1)  Sell my house to get cash to work with.  Rehab a property, then create a traditional mortgage to pull my cash back out...

I don't know your market to know potential purchase prices, rental rates, your DTI for loan qualification purposes, what would qualify as an upgrade in your market for VA loan purposes, vacancy rates and expected maintenance costs in your market, etc. 

I am looking for out of state MF or small apartment complexes. My question is what are my options for financing such commercial properties?Do people have success going to a small local-to-property bank to get financin...

Remember the $800 is for EACH and EVERY LLC.My suggestion is CA LLC makes/applies foreign qualification (i call it domestication) to states of KS “and” IA.Getting an accountant out of state is not such a good move as they are MAY BE not that well versed on CA tax law.

I point this out not because I think this is where you should start as much as pointing out the loan qualifications are different.You live in a market that has historically produced some of the best ROI numbers in the nation and you are looking to invest elsewhere. 

But all that to say...if you meet the qualifications it can be a really solid option depending on your situation.

However, if it's 100% financing and doesn't require any qualification, then sounds like a pretty good deal. 

@Stan ThampiThese were the qualifications that we messaged people before they came out to look at the unit:Have a credit score of 600+Have no prior evictionsHave no felonies within the last 7 yearsHousehold gross income greater than 3x the rentAnd then when they wanted to apply, we had them go through Zillow.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

As long as you're consistent and stick to your strict qualifications, you'll be set!