Welcome to BP - you've definitely come to the right place - I'd recommend some of the books in the BP bookstore for next steps - particularly the BRRRR Method book by David Greene which is great and might be perfect for your situation

Per https://www.ci.richmond.ca.us/DocumentCenter/View/61839/MNOI...Fair return defined Kenneth Barr method (MNOI) which the Courts have agreed with:“as the price controls are not confiscatory; i.e, they do not deprive investorsof a fair return on their investment.”  

Register for courses and mentorship covering the BRRRR method and Subject To financing to become a multi-millionaire & reach financial freedom at an accelerated rate.2.

The two simple methods are 1- Direct Mail2- MLSFrom there 3- warm call all of the homes for rent.

the BRRRR method is very hands-on.  

I am new to BiggerPockets and real estate investing and I am looking to invest with the BRRRR method as I'm currently learning as much as possible before I put this method to practice.  

I would still recommend an actual property manager over this method unless you're well connected or local to where you own/are managing. 

I'm going to keep this method in mind when my children are ready to leave the nest.

Is it riskier to mix house hacking with the BRRRR method?

In fact, I recently used one of the methods from the book—where Chris Voss talks about "going negative" to soften the blow of an offer and make it more palatable.