We watched our 17 mo. old grandson while our new grand daughter was being born. After 3 days, everything got sorted, but we were EXHAUSTED. Just wait until he/she wants to do hill repeats on your staircase. Brutal...
Congrats, but you should have gotten started about 30 years ago.
The bike mounted racks are dangerous, especially at your age... And get a forward facing trailer. My two oldest kids tell me how terrified they were in my rear facing trailer rides in their youth.