Study those markets.

@Gary KuhnThis is interesting from a management perspective, we charge investors a small fee to maintain an administrative account for their tenant because there is some extra administrative work when there are additional occupants.

Found BiggerPockets through Reddit, looking forward to leaching all the pro knowledge I can to start and maintain my Wife and I's new interest in Investment Properties.

I am not referring to properties where a LIS or NOS has been issued but the owner still maintains control of the property up to the time of sale. 

My Real Estate exam is scheduled for February 29th, 2016, giving me ample time to study and have a solid knowledge base for the exam.

I have spend almost the past year reading and studying anything and everything I can find.  

Details: North SJ, near the future BART station, town home, 2BD/2.5BA - 2 master bed rooms, low HOA and well maintained, near future developments and another town home complex to be built nearby, ~1100 sq. feet, decent school district (Piedmont High School, 4/5, 10/10 on Redfin), 1 car garage and 1 carport w/a private patio, close to Target and other shopping areas, laundry downstairs and in the building.

It is a decent area, and the complex is very well maintained.

Part of a larger field of study known as Cluster Analysis, the descriptive names given to neighborhoods included “Furs and Station Wagons”, “Towns and Gowns” (college towns), and “Laptops and Lattes.”

Once you have a portfolio, THEN the cost and effort to maintain an LLC *may* be worth the effort.Be advised, it's $800/yr to keep an LLC in Calif AND the list of members must be filed annually.All the seminars taught the legal entity stuff (usually due to the vested interest in 'helping you') but IMO a good landlord insurance policy + an umbrella policy is sufficient for "well behaved owners".