Let me know any feed back you have.

I also recommend reading blogs and forums or watching videos on how to develop a good roommate contract, house rules, etc.

If so, how do I get around this or at least make it to where only the rental income from the property is taxable locally? 

there are 3 or 4 companies that sell how to programs normally about 2k to 3k.. this will give you the basics.. or you can try to find a used set of books tapes on E bay for 50 bucks or so.

Purchase price: $85,000 Cash invested: $20,000 I know the numbers are not great from any point of view but this was my first deal.

I would even reach out to some owners you may have worked with in the past and share how you're looking to buy your first rental and if they have any sound advice. 

Evergreen house hack How did you find this deal and how did you negotiate it?

Knowing this company I can see them doing this. 

My plan is to also rent the main house so I don't have very clear how to handle it.

I know there are many nuances in each market.