Many leases are prepaid, so there is no income stream. 

A business banker will lend to you based on your "Global Cash Flow"  That is not just W2 income but rather equity, rental income, other revenue streams.  

Personally, I would rather put the money towards expanding and getting additional streams of revenue. 3.

Love both cats and dogs, as long as the steady stream of pet rent is coming in. 

My point was (in more simple terms)  that by changing our perspective we can mitigate if not eliminate the unnecessary pressures of "perfection" Didn't miss your point at all...and of course all of the great ones started out looking for greatness.To paraphrase a great movie quote, "...of course it's hard. 

Maybe, there are some lakes to fish in, but other than going to movie theaters I did not see many things to do.In California, you can go ski in the snow less than 2 house from Los Angeles and go jet ski on a lake on the same day.

My goal is to generate another revenue stream aside from my full-time job, so in the future I'd rent out the property instead of living there myself.My question is this: since my apartment lease ends on November 30th so I will also need a place to stay, which of the following options would be the best first move in order to generate income/build wealth?

That money will run out soon, and I have this rental house that could provide me w/ a tax free income stream of $60,000 - $70,000 per year for the next 5-6 years, after which I would access my IRAs and pensions and live off those. 

Like you said, you will be eliminating an income stream if you don't.  

I work a 9-5 in media, but do have free time on nights and weekends to focus on a second stream of income.