As a novice manager and ultimately new to the processes as a whole, any history of eviction that is recent enough to be on-record (last 7yrs) is scary enough based on precedence alone... 

So, as you note, hopefully there is still enough liquidity/cash flow in the deal to keep it afloat long enough to ultimately pay off (or at least make all your money back).  

You have ultimate responsibillity for what is reported on your return.

You can get a new job, get a promotion, and learn a new trade.

(Builders and their Realtors will tend to inflate values to promote sales) If you want feel free to reach out directly and I can analyze the deal for you!

Year 1-3.We have 4 kids all older between the two of us.Our ultimate goal is retirement and generational wealth.Each kid will inherit one duplex and we want to teach them as much as possible.Does this sound like a good plan,Or am I missing anything?

Ultimately the more value you can add to the transaction the more favorable of terms you can negotiate in a partnership.  

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Onerent’s current Net Promoter Score of +40 is 46% higher than competing property managers.

It's making me want to be very cautious on my expenses & ultimately not want to put forth the usual effort as my work is not being fully appreciated.