It is very hot right now so I am looking for alternatives SF and Condos.

I would run the numbers as if both sides were rented( you being one of the renters) and if the numbers work, do it.

No, you need education, smart, targeted, and up-to-date for the 21st century.You'll learn step-by-step seduction techniques like the Subject To kiss close, the unrefusable checkbook flash, how to buy her a house for ca$h, templates for writing red-hot yellow letters, and compelling scripts to follow on the phone when speaking to motivated prospects.

An actual understanding of the investing side of RE.

I am aware of some of the pros and cons to each side.

She also hosts a meetup which meets tomorrow night on the north side. 

However, I have seen with new construction, that side by side units require much less red tape to build new as opposed to a traditional "decker" style multi.   

Rephrased: take care of the other "asset protection" sides before you worry about LLC.Here is a diagram to help you with this question:  

In a smaller town or a hot market you may have a realtor approach you asking if you pay a commission...but most will ignore your house.

Once you prove yourself to that circle, you could begin to expand out to more people that your family/friends know that want to get in on the action.One side note of advice - when looking for a mentor or private/hard money, I would refrain from positioning yourself as asking for their help.