Building small units in small counts is expensive development.  

Thank you all for your responses I am going to look into managing this one myself to understand more about what goes into managing .

Contact the listing agents managing broker immediately and if you don’t get a satisfactory answer immediately contact your state and local real estate boards.

I was also planning to work for a property managing firm to learn the ropes of the state and local codes while continuing to invest.

As we continue to stabilize supply chains, seasonal and historical patterns can provide insights for executing your next project, ensuring you factor in risk and stay within budget.Question: What are your thoughts on adjusting to the "new normal", how will investors manage increasing costs with many forecasting stagnant appreciation for the coming years?

One is a non-conforming duplex, the other is a flip with lot split-development opportunities.

You'll never convince a tenant that they are getting a good deal, especially as a self manager, no point in even engaging in those conversations. 

If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner. 

As a contractor and cabinet maker it made much more sense financially to purchase a home with a rental unit and manage the property myself.

You likely don't have the net worth, proper LLC management or proper separation of personal interests to make this an effective approach. there numerous BP threads you can search to get more insights. tldr - keep under personal name and get a good umbrella plan.