Especially if losses in K-1 are not big or if the tax rate on depreciation recapture is very low (4.63% in the example above).I am assuming form 8582 will take care of the depreciation recapture  tax at the federal level, so no issues there.

Only one of the 2 units got a STR permit. 

Ikenna,Depending on where you are located and your comfort level you can find a lot of great deals in multiple states. 

I have APTs and other trusts at each child's level, and clear instructions on how they want to move on it.

The unit has a home warranty so most maintenance issues I just have to call in, so there wouldn’t be a need for a property manager. 

Focus on buying smaller multi-family homes, houses with extra living units, and homes with cellars.

Those are even-sized units so equal on rents in theory.

We want to buy a multi family of 2-3 units and house hack by living in one and renting out the other one or two units. 

Replacing an HVAC unit for tax purposes is considered an improvement, not a repair and therefor bonus depreciation from the TCJA should still be in effect through the end of this year. 

Hi guys, my name is herby and I just closed on my first deal for house hacking on a 4plex. 1 of the tenants is out of contract and is on a month to month and that’s the unit I plan to move into.