All that first place needs is a life sized Thomas the Tank Engine.What an impressive kids destination.I'm glad it's not my neighbors house though (re the noise). 

No price change, there are not many of this size in our surrounding area or at the new competition.Not passing on any knowledge. 

Surrounding areas (10-25 min travel)have decent rental opportunities but family size (5) has house hacking seeming as more of a hindrance to the family.

As a matter of fact it's a great way to combine the favorable financing of a primary residence with the purchase of an investment property.When that property is sold you'll be able to take the portion allocated to the primary residence tax free (providing you've lived in it for two years). 

One of the big things is that the net worth of the borrowers needs to be at least the size of the loan for the property.   

If I had no properties and 300k I would look to BRRR locally no matter the size as if you can keep getting your money out and reusing it you can build quickly versus saying using the 300k as a downpayment on a 1.5 million dollar 24 unit that your money will need to sit in. 

. $200-400/month depending on the size of the property.

My question is, has anyone done this with their multifamily and if they have, what size did they use and what type of lockers or sheds were successful for them?

Any early nonqualified use will forever taint the property and some portion of the gain will be taxable (unless a step-up in basis occurs under IRC Sec. 1014 after the death of the taxpayer)When sec121 qualified property with non-qualified use is involved in 1031: (non-qualified period tacks on)Depreciation: In other words, where a taxpayer's residence is the relinquished property in a tax-free exchange, any gain attributable to depreciation deductions relating to the residence can be deferred until the taxpayer disposes of the replacement property received in the exchange.Gain: The Code Sec. 121 exclusion has to be applied to gain realized before applying the nonrecognition rule of Code Sec. 1031Illustration 1: A, an unmarried individual, buys a house for $210,000 that A uses as his principal residence from Year 1 to Year 5.

General Contractor here we work with other investors on projects depending on size we are currently booked up most likely to the end of this year with a 70unit complex we are working on but do a lot of residential as well.