We now want to invest in 4 plex or apartment complexes and have no idea which markets are good in terms of cap rate and also ease of management.

With the correct strategy, possibilities for cash flow may still exist even when pricing may be high.Explore Other Multi-Family Options: In more reasonably priced communities in or around San Jose, look for other multi-family homes like duplexes, triplexes, or small apartment complexes.

Additionally, since the loan is in your personal name, not an LLC, there might be increased personal liability concerns.Given these complexities, you should discuss them with a tax professional.

Even in the past decade, my wife and I rented a unit in a decent apartment complex for $885, the same unit now is $1050...and thats from their website so I'm sure its the teaser rate to get you in the door.  

I know a lot of folks say it's better to just find a vacant complex, but I'd be doing it with my wife/2 kids so looking for some unique MF with larger 3-BR setups, which tend to be occupied. 

I got out at the right time from that complex.   

Navigating these deductions can be complex, but it's worth it for the tax benefits!

Geraci & Doss Docs make the complex seem easy.  

Call local apartment complexes and ask them how many units they have and how many are available in their complexes. 

Single family is really easy, multifamily is a little more complex my best suggestion is rural land at least 0.5 acres and up for easiest rezoning.