For these purposes I'm taking a little closer look at EM/MOIC as a simple metric I can use to build a very macro model of my strategy over a long period of time. 

Just factor that into the model. 

I'm a little intimidated posting here since my husband and I are only aspiring real estate investors and we don't currently own any properties. 

What are some possible draw backs you guys might see with this model?

It was purchased as a new model home in a newly developed neighborhood.

We'll discuss the basics of house hacking, what's currently working and walk through a few financial models.

Is it wise to consider that as meeting the 1% rule that I aspire to acquire?

Would add that if you solve IRR in a DCF model where NPV =$0 you can compare that rate against all potential investments to help determine which will be best.

I've been active in a few threads so far, but want to throw my name into the New Member Intro Abyss. I'm John, born and raised and still residing in Centreville, Virginia. I've made the decision to get into real estat...

Hey Leif,Welcome to BP and the real estate world :) My husband and I serial owner-occupied/househack investors (with aspirations to improve our strategy but that's what works for us currently).