If and when I decide to move out, I estimate that I will be able to get $950 for the space that I am living in, which again would give me another passive(ish) stream of income of about $1250 / month. 

To really diversify their involvement in real estate and add a second stream of income perhaps they would consider being private lenders themselves.

Great for them, no need to beat them up for finding another income stream!

At this exact moment I can not qualify for a loan due to the fact that I haven't had the same job for longer than a year so I don't show a steady income stream. 

You can always focus on getting your income/career path stabilized and excel at that one stream, then study and REI after-hours.

I'm holding on flipping, working on my other streams of income.

Andrew,Sounds like you could have a good potential passive income stream available, but make sure to do your homework.  

Maybe C4D strategy, that one could, not for sure but could, and that's it for anything with a reoccurring rev. stream. 

Its not main stream and therefore it could take lots of searching to find.

Using your city's 311 service you can "Virtually D4D" to find off market deals that might not be in commercial real-estate software such as batch leads and/or prop stream.