Househacking a 4 family with a family of 4

[Aaron Porter]

My wife and I are moving from Syracuse, NY to the East Coast of Florida - Palm Coast Down to Melbourne. She takes her job with her and I will probably have to start from scratch as an "employee" for now. We will be selling our home and moving in the summer (FSBO).

We have been analyzing deals in the Daytona down to Melbourne areas with $50,000 to put toward our investment.   We are looking at multi's and I prefer the idea of a 4 family to maximize # of doors and minimize down payment.

2 QUESTIONS:  

1. Is it insane to think of Househacking with a family of 4 (kids are 13 y.o. and 8 y.o.)?  
2. Anyone out there who has switched from an employee to a REI in their 40's with kids that has done the househacking thing?