This is a B+ suburb of Milwaukee, with good schools and low crime.My questions are 1) Will there be a decrease in rent due to the location of this SFR other factors being equal?

sorry, im on my phone. consider vacancies, maintenace, capex, management, utlities you pay, taxes (city, county, school...call the county assessor office).

I like the concept of house hacking, as I do not have constrains (i.e. kids in school) to keep me from moving every 12 months to fulfill any living on property requirements in a condo or 2-4 unit home. 

The school we live in just switched to Montessori and bumped up to a 10 ranking so we thought if that caught on our value might jump in the next couple of years and we could sell higher.

Our best tenants were the people with no credit history at all -- two high school grads beginning life together and a family of refugees whose only credit history was their payment in full of their governmental refugee loan.

I am mostly looking at Tacoma but open to other areas.I like the concept of house hacking, as I do not have constrains (i.e. kids in school) to keep me from moving every 12 months to fulfill any living on property requirements in a condo or 2-4 unit home.

& How's school going?

Talk to your Top and look into going to Warrant Officer school.  

I have a nice property about 5 miles from a major air force base in great schools, close to a park.  3/2/2.  

I am looking to invest in the town I grew up in; real estate is reasonably priced, there is a low crime rate, and the schools are top tier.