What is your current mortgage rate? 

There are other loan products out there with a varying degree of rates that could be alternatives, but I'm not an expert in mortgage products so I'd recommend speaking with a lender first. 

That FHA loan is assumable, so that might be attractive (depending on your rate).You could consider leaving the FHA loan in place and just move into a live in flip.

It's certainly much harder now to cash flow while house hacking with high mortgage rates, but not impossible.

Short term rentals usually price best 65-70% loan to value but if the cash flow is very strong to support a higher rate up to 80% is still possible these days (not common though).Best of luck.

It is going to be a VARIABLE rate and is typically higher than a cash out refinance. 

When tenants are so far behind, there's a good chance they can't afford market rates.

I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.

I have no idea about occupancy rates, management fees etc.

My current property was purchased in 2020 with a 2.4% interest rate .