Successful investments require education, realistic expectations, patience, and diligence.Good luck!

So put together some realistic tax estimates before you buy.-- All the info you need is available online from the local assessor, and pay attention to what the local community has tacked on to the mill rate.

My goal was to have 5 properties at the end of year two, but I think that I will realistically hit that number by the end of this summer. 

Set some realistic goals.

The point of house hacking is to reduce your monthly expenses, so it's not realistic to expect to make a profit living in your primary residence.

if that's the case new originations through a top shelf broker or into a fund is far more realistic for most. 

Even using your numbers (which were not realistic) without PM the property was cash flowing less than what the OP would make PM local units (if they wanted a job).  1) I have zero trust in your underwriting.  2) you would not post a purchase you made since q2 2023 for us to evaluate.   3) as already indicated your example did not have positive cash flow with realistic expense numbers.  

It is definitely possible to self manage as others have pointed out, but you need to assess your personal situation and determine what is realistic for you.

I did check airdna, mashvisor, str mgt company estimates, etc, prior to going str and I think I was pretty realistic.

Also, do not compare costs over a 30 yr period - very few people keep the same mortgage for 30 years. 5-10 years is more realistic.- Overlays - some lenders may have more restrictive overlays than Conventional guidelines call for.