Older units in the 300-400k range located west of Pacific and newer units in the 500-700k range.  

If typical finance avenues don't pan out, always check with credit unions. 

Not sure how that pans out with a long distance rental.  

Buy in either: - Established, affluent areas: Pacific Heights, Presidio, Cow Hollow, Sea Cliff OR- Tier 2 areas that might become more affluent: Mission Bay, Potrero, Dogpatch, MAYBE "Outer Sunset" (although yes - it's probably in a lower tier than the others) 2) Are we likely to make money if we invest in a cosmetic renovation of an older place or is the cost of labor and materials in SF likely to diminish our potential profits to a negligible amount. 

I have a work "home" in Seattle and spend most of the week in the Pacific Northwest but have traveled most of the US for work over the last 6-7 years or so.There are positives to each place so it is hard to compare. 

Watch "Pacific Heights" again!

However, if you’re looking at an extensive value-add opportunity, then I would certainly advise that you look for a local trusted partner.I can’t speak on Portland or the Pacific NW markets, but I’m sure there is someone that can give you further insight.

Whether or not that lead pans out as a buyer who can get pre-approved is a different story but we are in this for the long run. 

How did that pan out? 

click the forms folder-  https://www.colorado.gov/pacific/dora/division-real-estate-contracts-and-forms