Will this even work???

[Brett Rhine]

Hey everyone. I'm a newbie and trying to figure out whether I can reasonably move out and rent out the home I live in right now or whether I'd be better off selling it for (according to Zillow) about $35k in appreciation and pouring that into another investment down the line. Here are my two scenarios: 

House: 4/2/2 - 8 yrs old - 1476sqft - Central Florida home

Scenario A - Move out and rent to one person/family 

• Rent is based on Zillow and Rentometer
• The vacancy rate in my area is actually closer to 5%, but I'm factoring in some buffer for my newbie incompetence. 
• I'm not sure at all what kind of cost I'd be running for property insurance, so this is a very broad estimate (estimating 50% higher than my owner-occupant insurance). 
• Repairs and Maintenance estimate is low but the home is only 8 yrs old and I plan to have about 10K in reserve for any sizable expenses that may come up. 
• Not sure about where my taxes would be

Scenario 2 - Rent the rooms individually to 4 people

• Rent is based on my current house hacking experience (3 rooms at $550) and estimating Master bed/bath at $650. Not sure if Master bed/bath is worth an extra $100, so I'd be happy to hear your thoughts on that.
• Again 8% vacancy
• Estimating utilities (Water/Elec/Internet) at $400. This will be lower in the winter months, but I'm not counting that here.
• Lawn care (Other) at $150
• Again, not sure about taxes

If numbers with scenario 1 are reasonably accurate then that's a non-starter. I'd have to sell. Scenario 2 might work and at present my average room-renter stays for about 6mo and the work of finding a new tenant hasnt been too arduous. 

Anyone have experience with renting rooms like suites, as described? Have different thoughts about all this entirely? Think I'm an idiot? I would really be eager to hear what you all think of my situation and these 2 scenarios, as well as any critique or criticisms you may have about my approach. 

Thanks!