Personally I am examining it in two ways.

Examine other markets after a period of time to move to if necessary.

I will just have to think about what I really want and examine my strengths and weaknesses as well. 

In MA many go back to the early 1800's.As I said, not sure how it works in CA but I think that is an overview of what you want to accomplish.One can also hire a title examiner/title chaser/title company to do this work for you.

Real Estate Salesperson:In order to qualify for licensure as a real estate salesperson, an applicant must have satisfactorily completed a 75-hour salesperson qualifying education course in real estate approved by the Secretary of State, and have passed a qualifying examination administered by the Department of State.

IMO - I would have a GC bid on the project, review and examine the scope of work that needs to be completed, and identify smaller (more labor intensive) projects that you may be able to easily complete on nights and weekends.

While you are examining heating, plumbing, electrical, smoke/CO detectors, weatherization, locks/doors/windows/screens, appliance function, etc, keep an eye out for lease violations and how well they take care of the unit.

Pay close attention to the state specific laws and rules about owning property.If you are going to buy and sell property then do not take the exam.  In

After examining the photos, I could see that this tenant had a cookie sheet against the door of the dishwasher, which blocked the detergent compartment door from flipping open. 

She is about a 45 year old lady that works in the Medical Examiners office here.