Also be aware that your cash-out refi will likely need to be 75% - 80% LTV, not 99% like the initial financing when you run your numbers. 

Raise the rent to market or even slightly above market.

It's also important to be aware of any deed restrictions or covenants that could impact your intended use of the property.A Personal Anecdote:I once assisted a client in Omaha who purchased a Freddie Mac home intending to convert it into a rental property.

Having owned many residential and commercial properties I can tell you that having a rental property is like raising kids. 

Are there specific zoning or structural challenges in Florida I should be aware of?

Some of our owners like to buy value add properties and it is up to us to raise rents, rehab properties, and make it a stable asset.

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this.

Title changes or profit-sharing arrangements could raise concerns if they violate owner-occupancy or primary borrower rules.Financing in Your Name: Since the 203(k) loan will be in your name, you’ll be fully responsible for repayment.

They have raised their prices double over a few months period we have been using their platform.

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected.