@Harris Vuadens  Before you engage legal counsel, here are some more practical and operational thoughts that come to mind.  

We are aware of the risk, but also actively trying to take steps to reduce it as much as possible.

Referrals are welcome, looking forward to working with like-minded investors, thank you.

I'll answer your questions in reverse order if you don't mind.Keep in mind that house hacking REDUCES my cost of home ownership.

@Jeff Chisum, do you mind sending me a DM with those details? 

I'm active duty Air Force and it took me six weeks to get my real estate license in Texas.

I'll keep your recommendation of at least 8% in mind as I assess the property.

In some places they can have agents that are not members, but they can't actively help buyers or sellers or have access to the MLS. 

Having a goal in mind will also help guide your decision on where to invest. 

You're absolutely correct.A small detail to keep in mind to anyone running these quick calculations by hand on their own:  it's important that $50/month is added to the total monthly expenses (as Jay showed above), as opposed to subtracting the $50/month from the total income which we sometimes see.