@Austin M Habichi think the short answer for a new investor is... no.can you house hack? 

Hopefully, if that situation arises, the notice results in attitude correction and the lease can continue uninterrupted.Having said that, if the eviction is 5 years ago, I'd probably accept the couple - but let them know I'll be keeping them on a short leash.

I just want to protect myself from holding a place empty for 30 days and then he change his mind.  

What are the lease terms; 3 month, 6 month, 12 month.

I am finding plenty of information online about the program but nothing explaining how it is directly impacting buyers looking to buy and hold property in the city.

I'm diving into the world of short term rentals and looking for some advice on the best ways to research local regulations in different towns and cities within a state.

I like the idea of short/mid term rentals more then the long term...one big reason is not having to move all of his stuff...or at least being able to take my time.

You can hypothecate collateral from one person/entity for use by another person/entity, but you might want to borrow the money as a home equity loan (fixed payments and term...one time funding) or a home equity line of credit (HELOC).

My wife is still hesitant about long term tenants, but I think she is coming around.

OR are you just wondering whether you should rent it out or do short term rental or something like that?