libvirt+KVM/QEMU is the recommended virtualization solution.
The server side can be installed like this:
Minimal virt-manager install? - #4 by vgaetera
The recommended client is Virtual Machine Manager aka virt-manager.
However you can also manage it using the Cockpit web interface.
Guest CPU/RAM/MAC/IP/etc. can be easily tuned if necessary.
Shared host bridge:
How to make a Virtual Machine present itself to my home network as if it were another physical computer - #7 by vgaetera
Hardware requirements:
1.2. KVM Hypervisor Requirements | Red Hat Product Documentation