Like you, I am also a new investor located in the Los Angeles, CA area (thousand oaks, to be exact).Agree with many of the points that Reed mentioned above.

Of course, compared to San Mateo, (or almost anywhere else in the Bay Area), I imagine it looks pretty good.If you're interested in Folsom, I would recommend looking in Orangevale, Fair Oaks and Gold River as well, (all are Sacramento county and are very close to Folsom).  

Angel Oak out of Atlanta has a Hard Money to mortgage program, but I'd shop it against using other lenders, I know I blow their rates and fees out of the water on the hard money piece.

In 2010 I started changing my focus from a long time investor in Royal Oak, MI to Farmington Hills, MI. 

@Stephen Oakes welcome to BP!  

My CPA is also a broker and just recently sold 6 properties he owns in Sherman Oaks because he believes the market is going to go down from here.

James Vermillion I have had other investors tell me they employ the LLC per property method in states where the LLC set up is pennies on the dollar, and will name the LLC the property address i.e. 123 Oak St LLC.

Tip:  when thinking about your evential exit remember, the best time to plant oak trees is 20 years ago.

The address is a little hard to read - it's 3017 Jacks Run Rd White Oak, Pa 15131.

Hills and big Oaks.