Do you think that my goal (a 4-unit for $200k that will generate positive cash flow off of only 3 of the 4 unit's rent) realistic?

They will both cash flow well, but don't really provide the opportunity to gain the equity to get my family to our long term goal of being financially free within the next 15 years. 

They will both cash flow well, but don't really provide the opportunity to gain the equity to get my family to our long term goal of being financially free within the next 15 years. 

@Sean Maxwell - I think the biggest question I would bounce back to you is what are your goals?

My goal right now for my first property is to have a house hack closer to work.

Howdy @Bill ParkerThe whole purpose of establishing investment goals and criteria are to help you stay focused and not go down a path that you may regret later.  

I would suggest that you also become clear on your goals with your husband together.

What are your goals?

It can allow you save money a lot faster when you eliminate a lot of your housing expense. 

The absolute lowest income tax strategy isn't always the best for the taxpayer.Regardless of the path chosen, OP should definitely consult a pro who can examine facts and circumstances, as well as goals.