We recently put the house under an LLC but are not sure if the lease should reflect the LLC as the landlord or keep our names.

I would hire out a leasing agent and work a bonus structure in that allows for them to exceed the 5% given they beat my planned vacancy number. 

Ensuring a solid lease agreement and security deposit will help mitigate this.

FHA loans may allow for lower down payments if the property will be owner-occupied.Owner Financing or Creative Offers:Explore properties where sellers are open to owner financing or lease-to-own agreements.

I would think transient room mates on renewable short leases would be much safer than bearing the brunt of San Francisco's LTR tenant laws.

I don't use padsplit (weekly rentals); I rent on long-term leases in B Class neighborhoods.

This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

You know how to manage a property.To get started, your first steps should be getting licensed then meeting with a local RE attorney so they can help you get set up with your contracts, management and lease agreements, etc.

In some areas certain provisions MUST be included in a lease.  

You should teach a class on "How to Lease a Property".