Steve made a comment about buying the home as OWNER/OCCUPANT and then renting it out:
You should take this very, very seriously; we have heard of Lenders reacting to this tactic; They are very aware of what people are doing.
I have heard of people being arrested for FRAUD and there might even be clauses in your contract that allow the Lender to Foreclose on your house for violations.
Be very careful.
Good luck and may God bless
Obviously, the more competitive the rent, the faster you will be able to rent the property.
Note: Be very careful about buying a home under the auspices of "owner occupied" terms only to turn around and rent the property out, which may convert the property to an "investment property". Lenders have become much more "attentive" to this type of situation within the first year of ownership.
I would refer to Bernard's suggestion as far a property management.
Check out the rentals on Craigslist. That is your competition. If you want to rent out a home, use that as a guide for pricing.
I would recommend Sunny Thiara of Bay Area Propert Managers. 925-260-1260. He will tell you what is feasible.
Bernard Gibbons, J. Rockcliff Realtors
DRE License # 01331583
Phone (925) 997-1585 - firstname.lastname@example.org