Yes, we will be able to live in our own house and not throw away our money in rent, but we will lose all the cash flow because we will need it to cover the primary residence mortgage. 

I decided to keep the house and rent it out, currently I’m out of pocket almost $1300 to cover for mortgage. 

My strategy is to use HELOC to cover down payment and convention loan to cover the rest of the mortgage.

The idea is they want to add more long term rentals to the market to help with affordability.The mid-term market is interesting but then you are covering utilities, internet, etc.

I'm about to do a rent-by-the-room/co-living property there, since current LTR rents don't cover the mortgage with these interest rates. 

The first year was tight because of higher interets rates, but his tenants effectively covered about 70% of his living costs.

If you hired an agent or a broker to work with you, you'd be covered - but regulations & laws vary from place to place.Screening is best done by establishing a set of guidelines to qualify applicant tenants, then sticking to those rules to avoid legal issues (and for your own sanity).

Interesting that this isn't covered with the "masters".

And you avoid things like damaged properties (guest insurance from airbnb or prop manager themselves cover that), evictions, collections, etc.   

Orange County, FL is a covered disaster area listed in the above notice.