How much is typical EM on a multi family asking 4M?

Deals don't make sense unless you do something crazy like put 8 students in a single family :) 

Lastly, house hacking lets you live in a multi-family property while renting out the other units to cover your mortgage.

It depends on the market, in my home area I can't justify single family rentals but MF's work... however I've invested in single families in markets where the MF's scared me. 

Any advice from self-managing investors who handle small multi-family will be appreciated!

Goodmorning BP family- I have added an additional single family house to my portfolio so I am now house hacking two homes.

I have a lot if clients too who will live in the basement (both in single family and multifamily) and rent out the upstairs.

It is a very high cost of living and my landlord has been renting out the triplex for a little below market value for the past few years, however he is going to be selling the property ( all three units)  (This area is considered very nice and "shouldn't" depreciate in value. )I have been trying to deep dive into bigger pockets, reading bigger pocket books, watching videos but  a lot of the resources talk about multi-family properties as purely renting out all units and not actually living in one of the units. 

I have a 2015 3/2 single family home just north of Nashville in Robertson County. 

I have family in SD and it's a quick flight for us and easier than the drive.