At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?

Local investors can now get additional discounts by moving up the food chain and buying as notes and, on mortgages secured by vacant properties, utilizing the preREO strategy to generate revenue during foreclosure process.

Especially in today's high interest rate environment, a low income buyer is usually going to be better off renting than buying.

Secure that income stream with your other keepers.  

Look for a place where you can secure items that you do not want tenants to have access to. 

@Luis Cerwin as others have stated, Nov - Jan is the worst time of year to have a vacancy.Majority of tenants live paycheck-to-paycheck, so all their income goes to Holiday spending starting with Halloween, then Thanksgiving, then xmas, then NYE.January is also historically the worst month for rent payments due to Holiday Hangover Spending.

Do you have clarity around different options there are to create cashflow besides pure yield/interest/rental income?

We’re actively working toward building a real estate portfolio that will generate passive income and create financial security for our future.

I always advise to run a business for 3-6 months without an entity to see if it something you are making money in and something you want to continue doing.Once you have 3-6 months of activity, you have more information to provide to an accountant regarding income so he can provide suggestions on entity type.Best of luck