Welcome to BiggerPockets Jospeh and best of luck investing!

In my opinion the biggest thing you're paying for with a property manager is the experience, staying up to date on legal complaince, and having stuff in place already.If you decide to start self managing you're going to have to spend time up front to figure some stuff out (exactly how much I don't know) and periodically spend some time doing various stuff.The truth is, if you have a property where you have a great tenant, they pay on time, they never cause problems and stuff rarely breaks, management is very easy.

How do most investors with partners handle this? 

It's very difficult to obtain a construction loan without being a licensed builder. 

I’m curious if house hacking would work best?

Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437

One of my first orders of business is to start learning how to do market research so...Question- what is the best way for a newcomer to learn to conduct Market Research?

Any advice on what systems/principles work best?

This plan will be sent to prospective Equity Partners within the next week, any input is appreciated.FIX AND FLIP/BUY AND HOLD BUSINESS PLANAS OF 15 AUGUST 2016MISSION STATEMENT We will strive to improve our properties to the best of our ability.

Congrats on your purchase and wish you the best with it.