It may not be a bad idea to have a real conversation with the tenant and educate them on your plans and how far below market they are.   

I'm particularly interested in purchasing two-bedroom, one-bath (minimum) properties that offer space and potential for adding an extra bedroom and bathroom.

Hide you money, drugs and valuables off site.If you do your own opens, do it for a couple of weekends.Once you have someone interested, you fill out a purchase & sale agreement, collect an EMD, open escrow, order title, verify ability to close with the buyer's lender.

I am interested in getting my real estate license and will be getting it in February since that is the next available class.

WSJ:  https://www.wsj.com/real-estate/eviction-phoenix-constable-1...PHOENIX—On a recent afternoon, Rhys Torres crossed a partly shaded courtyard to a white stucco building.

My name’s Forrest Webber, and I'm an acquisitions agent and real estate investor based in Austin, TX.

I am new to real estate, how would you suggest I start to assume the loan?

Nothing about this post is real.

AB1482 states that "single-family homes/condos (residential real property that is alienable separate from the title to any other dwelling unit) are exempt from AB 1482 if (1) the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation and (2) the owner provides the tenant with a written notice of the exemption"The part that is confusing is "...a corporation, or a limited liability company in which at least one member is a corporation."

So if you plan on getting into a more active roll in real estate having cash available is very helpful.