This has been a hot topic, raising both concerns and questions among professionals and consumers alike.

Actionable items - get your finances in order, make sure that your wife is on the same page, and start having conversations with professionals (lenders, other investors, agents, etc.)Be okay not knowing things...just ask dumb questions.

A careful present value of the two strategies would need to be made based upon a specific investor's circumstances, goals and objectives to determine which would be best for them.  

@Michael SaladinA exciting endeavor, house hacking calls for careful preparation, networking, and investigation.

I would also hire a Home Inspector that is local to the property you are buying so that at least you can have some sort of "professional eyes" on the property.Hiring a home inspector might be more cost-beneficial to you too. 

So it distills down to skillset and knowledge and professional services then?

CPA/client relationship is definitely is something that needs careful consideration because want to find something that is the best fit for you in terms of risk tolerance level as well as budget.I just helped BP actually build out a CPA finder page so if you are still looking, check out that page to see service providers that have experience in working with RE investors https://www.biggerpockets.com/business/finder/tax-and-financ...

Too much cash sitting idle- Townhouse - appreciation has underperformed Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It may be helpful to consult with a lender or real estate professional to discuss your options and develop a plan that aligns with your objectives.

Be VERY careful