It's really helpful to see several perspectives here.Yes, across 3 properties, we've been doing our own accounting/taxes, but each property we add and certainly as more investors come on, the more complex and complicated it's become.

Don’t over complicate it, sell it, take 1.5M, and build your dream home.

The more complicated question is the tax consequences, if any. 

It seems like you can make a purchase without this so why enter into what could be a complicated entanglement so early in your career?

The more you transfer, the more you complicate Title in my layman's opinion. 

Your bank is a partner and the more you can tell them up front the easier it will be to work through a more complicated transaction. 

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.House hacking will complicate your tax return. 

Don't over-complicate the setup process, just get that first rental and make sure it's a good one - that's the most important step!

Don't make it complicated.

It gets a bit more complicated if you live in the property.