Additionally, if someone knows a great tax guy/gal, that would be swell.  

After a completed first purchase and property management have proven themselves, then I consider it a lot less important to return to the area for a first hand look at additional properties.

@Kay KeovongphetFor the profit sharing potion (employer contribution portion) of the plan that following may apply if your employer allows for it: The Employer Contributions being withdrawn have been accumulated in the PSP Plan for at least 2 years.For salary deferrals (employee contributions) Any employee contribution (including any earnings on such amounts) may not be distributed prior to the the Participant’s severance from employment, death, or disability.

I had that freedom before the financial crisis as I was self employed making great money, no boss or schedule.

That additional equity (the 50k) is now in your pocket and freed up for you to invest in the next deal.  

@Ed` Jones If I've properly understood....the insertion of additional entities, particularly an IRA, would only exacerbate the issue.

In addition, the brokerage LCL seems to manage quite many properties in SoCal.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

The point as I see it is that an additional ELOC or refi of the FIRST one will put a strain on ITS cash flow, but so long as it isn't a negative flow, the amount cashed out should easily be able to act as the full deposit for the second, so the rest could be fairly conventional.And of course, the second one needs to have a SIMILAR order of built-in equity, and so on!...

This cash flow does not include equity gain from making the payment which is in effect additional cash flow that can be obtained with a little effort.