I'm looking more for advice on whether or not I should take a deal that gives us a strong equity position over a deal that keeps us more cash at the end of the month. 

There could be strong logic so it might be the right decision.

After the class, I had the clearest understanding of the entire procedure involved and I strongly suggest even experienced wholesalers take the class.

Strongly consider your exit strategy though.

Median income is not a strong fundamental in SF.  

I would suggest building a strong team around you for your first few investments to help you get some skin in the game.

Being conservative is probably key seeing as you're not here and there are so many unknowns to deal with (you're probably not going to want to do anything opportunistic where you meed value add straight away unless you have a strong personal connection to a contractor here - we can probably help there, but obviously that's your call).

Definitely check into some local REIA meet ups in your area, and network to build a strong team around you for your first couple of investments.

I suggest building a strong team around you (broker, mentor, lender, etc) for your first investment at least to help you gain experience.

If your reason why isn't strong, you'll give up.A huge way to combat discouragement is to listen to the podcasts, read the blogs, and interact here on the forums.