2 rental properties, one single family home I am renting? house hacking?

[Kristi Pratt]

Hi there, 

My husband and I both purchased properties in 2019 before meeting each other. I rented out my condo (short term - midterm) to move in with him, and now he is ready to rent out his single family home (long term).  We are considering renting a home in the neighborhood we are interested in buying in, to test it out for a few years. By renting out both of our properties, we will generate enough income to cover the rent of our new home.  We both also have full time jobs.  We have $50k set aside for emergencies related to our rentals.  

Is this a unique form of house hacking, where the rental income from our owned properties covers the rent of our new rental home?

Are there any potential issues with this plan?  Thanks all for the help.