I expect to come out of this with significantly reduced net worth.

Then ask what they have done to reduce expenses.

You may be able to at least reduce your cost of living, and also benefit from the appreciation and equity pay down on the whole asset.

I’m looking intoHouse hacking my first go around, but with how the economy is shaping out I’m on the fence if I should start looking now since interest rates are decreasing and I’m assuming homes are being reduced as well.

You will miss the 3-yr window that you correctly identified, but you might still qualify for a reduced exclusion.

I’m also blessed that all of my rentals are free and clear except 1 , so this whole situation makes me really stress free.

Seller(Lennar) already started selling for lower prices due to Coronavirus effect, can we ask them to reduce the price?

Stop or reduce meals out (again, easier these days). 

Look into ways you can reduce your outgo.

Now that that is accomplished, we’d like to know what other seasoned hosts use as standard practice that isn’t too restrictive in nature and doesn’t inhibit  steady bookings... but reduces risk to the property.