M.P.
You will probably want to rent a house. 350K will not buy you much over here. If you want to buy in a neighborhood with a good school district, you will need a minimum of 850K. Santa Clara and Cupertino are both expensive and have good school districts. The commute from Livermore would be horrible. Traffic is always bad from there. They have "toll lanes" to get you around faster, but why pay during heavy commute times. Think South San Jose and Morgan Hill as suggested below. The houses are more affordable and the commute is bad, but not as bad as coming from Livermore. Good Luck