Either way, if you can cancel out your living expenses completely with this house hack while gaining experience managing the STR, I don't think you can beat that.

BUT the benefit of a house hack is to save money on living expenses.

Current partnership for one Single Family is approx 50k down payment, 10k partnership/management fee, 10k put in bank account for operating expenses.

I've done that twice now.Hard Money Lenders can be a great resource but they generally want to lend to someone with experience and the terms are expensive versus conventional financing. 

As many have said, there is always a buyer for the right price, and especially in todays environment with such expensive debt, it is important to price correctly.

They are expensive (30% fee) but they cover 100% of all management responsibilities.

You don't turn over as much utility expense in multifamily.

For example, zoning might require a larger lot sizes for more units, or more offstreet parking than you can provide, or building codes might require the building be upgraded to have a very expensive sprinkler system if you add a unit.

Real estate is always expensive.

I am trying to get a full understanding of the expenses and the tax implications of having a tenet.