Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Maybe mix the quotes up with direct lenders and brokers, licensed and non-licensed and see what they get.I've seen more DSCR deals made into God-awful sausage by licensed, direct lenders than I can count. 

I ask because I thought the loan had to be non-recourse - 

Another option is to get an interest only loan, which reduces the payment amount and thus allows for more cashflow.

I live in a non smoking building.

However, non conforming loans (aka nonQM) such as DSCR allow you to close in an LLC.

Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.

I don’t have enough for a down payment but i do have quite a bit of equity in my home. looking for some insight on how i can get a low down payment or should i use my equity, plus funds to fix property. 

Lots of condos which means non warrantable. 

Given your circumstances, the following advice and considerations apply:Benefit from low interest rates, no down payment required in most situations, and financing for up to four units when you take advantage of the VA loan.A thorough grasp of your budget should include the purchase price of the property as well as any possible maintenance expenses and other related expenses.