I think that "challenging" is situational here. Do you have experience working with fish breeding? If so, with what species? Clownfish are generally the "easiest" to breed of fish that have larval pelagic stages (banggai cardinalfish just spit out their babies post-larval stage), hence why lots of people breed them. You also might not need to set up multiple breeding tanks. It just depends on what you have.
I don't know what your tank specs are, but most "lowboys" aren't hospitable to pelagic spawners, due to the pelagic spawners' necessity to rise in the water column. Dragonets can spawn in 18" high tanks from what I've read. Seahorses need 24". I've heard of dwarf angels spawning at 21". Other pelagic spawners include tangs and wrasses.
This means that you're probably limited to demersal/substrate spawners. Dottybacks, blennies, gobies, dartfish, damsels, etc. Not many "species-firsts" left amongst the cheaper fish, but still a few. This is the list of captive bred fish species for 2019:
https://www.reef2rainforest.com/201...ptive-bred-marine-fish-species-list-for-2019/
Also, regarding cardinalfish: multiple industry experts have stated that Banggai Cardinalfish should be captive raised, due to a very small range (yes, including the Lembeh Strait), in conjunction with BC IridoVirus (BCIV), which can ravage captive populations. You could go with one female and two males and rotate the males out. I know that some captive bred ones are coming out of thailand, but it's still hard to get them in parts of the US.
So in conclusion: what are your tank's dimensions? Are you already planning on culturing rotifers/copepods and/or phytoplankton/microalgae for your frags?