I love how Real Estate has so many different "flavors" and each person can tailor RE investing to suit their lifestyle.

So the appreciation factor is alluring as well. 

It's mostly just about the numbers.The most important factor is the debt-to-income ratio which determines how much you can afford. 

One factor that I don't know enough about is the potential change to my property tax- I'm assuming that the property gets reassessed, but how does the new value get calculated?

I want you to get rich in real estate, but this deal sounds over your head, but we don't have all of the facts/factors. 

But even with that factored, I would jump on that deal if it were me.

Once you factor in all those expenses, it becomes more tricky to find a property that is going to cashflow well and make you a good return.

Even what type of rentals you might do when you depart can factor in.

@Justin Petrides it won’t be hard at all as long as you remain in the same line of work, how your paid is also a big determining factor in this scenario as well. 

., tax-free earnings) money.401k participant loans may not exceed $50k.The actual determination of which is optimal depends on an analysis of both objective and subjective factors, taking into consideration all possible configurations and their respective tax and investment implications.