@Derek Tuohy I would suggest start working on getting a Bookkeeper on your team and use a software, if you plan to grow it will be easier and cheaper to get into a software now rather than later and have to learn with 20 units rather than learn with the 3 you have.I agree with @Jake Baker on his bare minimum suggestions.

or...are you planning on "helping them" (adding/transferring title into your name)?

Along with this, I plan to house hack my first year and accumulate rental properties as I continue to make money.

Do you plan on doing these improvements before anyone moves in?

Or do you plan on wholesaling and 4k is the fee?

Our long-term plan involves eventually vacating our current residence to rent out both units.

There are also cases where a mix of both self-management and outsourcing is used.For example, the Hong Kong Housing Authority has a comprehensive management structure with various committees responsible for policy and implementation, indicating a largely self-managed approach.

Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business

No matter how well you plan to build up your reserves it just takes a while to build them up in the real world.

@John D.Rental income does not qualify to sponsor a Solo 401(k) plan.