Loss of Use / Loss of Rents: Normally, there is a 20% included limit.

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?

Note rent minus piti does not equate to cash flow.  

Check with your QI about both scenarios.I did have a client do a 1031, rent it out for two years and then moved in at the advisement of their CPA.  

That way you are not competing with 30 other owners for rent.

The current average rent on the new buy is $925.

Was it difficult collecting rent as a landlord, during 2-hour long gas lines? 

Typically a few types of PMs out thereThe individual agent, little to no staffThe PM company that's a set it and forget it, glorified rent collectorThe PM company that's a true partnerI would on top of the suggestions abovesearch for a PM that owns their own portfolio tooThey treat your asset like they treat their own portfolio- There should be a full staff and readily available to answer the phone1.

And do they care if I do rent by the room strategies?

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?