I work with a lot investors....A 1/1 won't be difficult to find....I just closed a transaction on a 2/1 in Oakland and the monthly mortgage payment was less then $800 including taxes and insurance. The home can easily be rented out for more then a $1000+.
If you like, I can send you some listings to help you get started.
Find yourself a good local agent. This website, zillow, yelp all have agent reviews.