Clearly there are arguments for and against each strategy, so it's more food for thought than it is "this is a good decision, this is a bad one".With the recent virus situation, I haven't seen much of local change yet (nor would I consider myself a "local expert").

Others need it to put food on the table.

Food for thought.

Visiting professors and scholars are top-tier tenants who schedule their monthly payments electronically, are delightful to work with and don't damage the property.One of our units is a 1 bedroom and the other is a studio.

the gal, a hairdresser, was cutting my hair 1 day. she told me they do cash in the envelopes for food, rent, savings, etc. said her dad raised her that way.I thought, "these people should meet dave ramsey!"

Food for thought. 

You will also need to consider that you will need to draw up legal contracts for the events, liability insurance, possibly food and safety/alcohol permits, and a bevy of other things that I probably don't know about. 

No pet food left out, no trash open overnight... sanitation cuts down rats.

But I think I will hold off on house hacking because I am currently living with my parents not paying rent, only my food and light.

It might also be carpenter ants as they will make that kind of noise (like crunchy cherrios) both of these insects could be in the walls and you would never see them inside the homes (even if there are tens of thousands) as they are just nesting there and foraging for food outside.