right now Im practicing comping 3 random tips as a newbie? 

There's no $$$$ in teaching you how to implement the action items I shared above which is why the higher revenue generating systems are sold, usually to real estate investors who don't know any better. 

. - if I use my cash, the investment needs to generate > 5%.

My goal is to rent it out to start generating some cash flow.I’m planning to remodel the kitchen soon, and once that’s done, I’d like to move out to make the apartment available for renters.

We are not looking to conquer real estate but just start generating some passive income I hope this finds you all well.

Now I go to S.CA and randomly looked up similar property rental. 

Not a good analogy because the tenant isn't a random person who broke into your house.

The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

If I get the situation correctly, youre wanting to exit retirement and pull cash out of your home to use to flip a property in FL to generate income to live off of.

With 4 rentable rooms (including the basement), I expect to generate $3,600/month with full occupancy.