I own student rentals so the original “co-living” and STRs.

My knowledge is outdated since I no longer live in NJ

We helped friends/clients purchase a business that changed their lives and we started doing a podcast talking about aspects of business that are missed, mostly the small items so new entrepreneurs get exposed to those parts, but we have been so busy with our own businesses that we had to put it on the back burner for now, after about 8 months. 

As far as your specific question goes, I don't think the banks will count the rental income on the house in FL towards your income requirements for the new mortgage because you are still living in it, but that's a question you'll need to ask your lender to be sure on.

It might help that you live right above in same building.

I ran into Toby's YouTube videos and they are great!   

Someone lived here 2 weeks prior to me clearing it out.

Hello, so I've seen that FHA loans do not like you to rent out your property until after you've lived in it for a year, and then even then, they seemingly are not compatible at all with short-term rentals (under 30 days), like for Airbnb.

Code for new living space has been 7' ceiling heights for a while.

I realize many here don't live as close to your buildings as I do, mine are all within 5 miles, but for those of you who don't live far from your properties, how often do you drive by?