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.

These are professionals with additional training and a stricter code of ethics.

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? 

We would be co-owners of a 12 unit apt house and each receive a SFH separately through our father's will (currently in probate).

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.

I'm happy to repost here as I receive updates and if people don't want this then I'm also happy not to post, below is today's update from tbwsratealert.comWhat happened yesterday?

If for some reason you cannot, have the fee issued to one of you and have the one who received it to split it and then issue a 1099.

Participation in actively managing the property, in addition to other factors, changes whether or not losses from a rental (losses that may include bonus depreciation) can be used to offset non-passive income (W-2, 1099, etc). ...

Structure:  Manager receives syndication *ownership* shares via sweat equity and all the investors obtain shares by purchase.