House hacking will also give you some personal "property management" experience.

- How many personal use days (sometimes including family or other discounted renters) do you plan to have? 

Thinking about taking a little cash out, mixing it with personal savings and going after another property with a nice down payment as a hedge against market fluctuations. 

I’m personally happier entering into longer leases, even though they purport to offer premiums over market rents.

Quote from @Michael Potorti: Analyzing areas around Columbus OH for purchasing duplexes and SFH for appreciation / cash flow - would like to stay in $100-200k range - any insight on where to target and areas to avoid are appreciated.This question depends on your desire for future earnings or immediate returns.

Plus a lot of general public started doing that which is the signal for the end... kinda like a good night club going down hill.Moreover, the tax implications for vacation home rentals vary based on how often the property is rented out and used personally.

If we chose to convert it to rental, and keep all that money completely seperate from our personal finances, do we do it all in his name? 

And you likely haven't faced life on a downturn, it all comes down at once and it's kind of correlated professionally and personally. 

But real education takes real time, study, effort, and desire.  

I'm the principal broker for Hardin Realty & Property Management -- We encourage agents to invest and complete personal transactions!