This individual has successfully been doing property management through a company that has supported him in addition to his off-line unrelated real estate duties that he successfully continues to manage.

You can flip when you need to produce cash to buy properties cash or fund additional rentals.

Additionally, you may need to have discussions with your JV partner to come to a mutually agreeable solution for the long-term ownership of the property.

This is a very broad question and without tons of additional info no one credible will be able to provide you a logical response.

Not sure why it posted as I was just trying to add it to my profile but there is some info on the deal lmao

Adding an additional panel for the second unit can cost between $5-10k.

I have hired a lot of people over the years to manage my properties and I have never paid them an additional fee to re-rent the property.

Note that conventional loans allow 5% down for multi-families now...It sounds like even with your father's help, you still don't have sufficient funds, much less also having additional reserves...What, may I ask, is your job? 

Additionally, investing out of state diversifies your portfolio and spreads risk.Ultimately, the decision between house hacking in Oakland and investing out of state depends on your financial goals, risk tolerance, and ability to manage properties remotely.

This is such an underrated approach to acquiring life-changing real estate.