This is my first post on Bigger Pockets, so I'll ask my main question and then try to provide some perspective to help you answer it.

It definitely requires a long term perspective and able to supplement the cap expenses in the short term.Most of my rentals are in working class areas (Class C with some that may be B-) and small multiplex (duplex to quad). 

Interesting perspective guys.

Interesting perspective - I like your open-mindedness to find the silver lining on the Hurricane clouds!

To put it in perspective, what I will get on a cash-on-cash return basis on a large multi-unit property in the Sacramento-Fresno range will dwarf the gross rent I received on an annual basis from the SF apartment building. 

Maybe you should save for a down payment before jumping in or look for a more affordable property or property in another area that is more affordable.One more thing: Know the strategy you want to use because that will affect your financing perspective.

Clyde, thank you for sharing your perspective and experience on this. 

From an investor's perspective it is a lot better to invest in a project rather than in a fund (AKA blind pool).

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

So in my case that I don't have an investment yet and I would use that trip to go check on the property myself before closing, and also meet my realtor, perspective property management and some contractors.