Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

Your loan will be $1,100 a month, add insurance and property tax.

I do like the tax benefits and leverage.

(It doesn’t pay its own taxes.

That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

Its a small investment to try both as one deal pays for them for a good amount of time

Taxes are the $100, so about $290 a month expenses. $110 a month in cashflow.

Not only were tax shelters stripped of their tax deferral capabilities, but they were stripped of it RETROACTIVE, allowing the IRS to recalculate tax shelter investors income going back 7 years.  

(I REALLY can’t stand state income taxes.