Another Newbie Question?

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Hello everyone. My name is Erick. I live south of Detroit and I’m ready to start my adventure in real estate investing. I purchased my first home 17 years ago and lost my butt on it. So I’m hoping to sell it soon and move on from my biggest failure in life. Looking to rebound and I hope BiggerPockets will prevent me from making another bad choice.

I’m starting to evaluate multi family homes. The calculator is a blessing. But I’m confused about a few things.

Question 1#

Is it ok to factor in the properties average tax return towards income?

I’m looking at a quadplex. The numbers are not that great for the price. I know numbers don’t lie. But if I move in the property and rent out the other 3 units. Pay myself rent and take advantage of my homestead property tax discount. The numbers might take me to first base. But this property is definitely not a double or a home run.

Question 2#

Is it wrong to weigh in the personal pros and cons of a property compared with the business pros and cons?

My position is unique. I’m happily unmarried with no kids. 38 with 18 years as a factory rat at ford mo co. I get killed in taxes every year. I would like to take advantage of the 12,500 tax deferred small business retirement account. I would also like to move into the property and sell my house. It’s hard to find a quadplex available let alone one with a empty unit. So I have a few personal reasons I find the property attractive. I Just need some advice.