@Matthew Slaughter- Yes, that sounds like a good plan. 

Airy development plan addresses community concerns, adds affordable housing | The Chestnut Hill Local 

I encourage you to work on that plan - it will deliver results long term that you will be very happy with.

I was planning to use the FHA 203K loan for Acquisition with Exit strategy for flip or Rent and Refinance. 

I sincerely appreciate your input and support.As we prioritize cash flow and equity as our primary goals, we understand the importance of strategic location selection to ensure optimal rental income.Considering our business objectives, it may be necessary to expedite our planned strategy to increase our capital expenditure and emergency fund, mitigating any potential risks in the coming year.

I was planning on fixing and flipping a few of the one’s that have not been but updated.

I currently occupy the principal room, leaving two vacant rooms.My plan is to rent out one of the vacant rooms to someone I know, but I'm seeking advice on the tax implications of this move.

Two rentals are enough hassle for me and I don't plan to buy more unless it's a deal that's impossible to pass up.

I plan to keep this property as the rental income is already excellent.I too experienced the same challenges of balancing responsibilities as a father, husband, realtor, investor, coach, Airbnb host, etc.....Let me tell you, this past year wasn't easy!

I would plan on moving when your lease expires, because this landlord is likely to issue you non-renewal or raise your rent.