I would suggest getting another full-time job for the time being and investing/doing STR on the side until you can fully and comfortably replace the income that you would be receiving from your job.Is your LTR in need of repair?

I have around $5K/mo in income.

Do you have other ways to decrease your expenses or increase your income aside from real estate? 

Could you go reinvest it in another property to build even more income?

For example, require a minimum FICO score of XXX, gross monthly income X times the rent, and verifiable income for the last X years.

It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.

i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income. 

I am in the Tampa Florida area and we in dire need of more LTRs for incoming residents. 

Many of these are low income, government subsidized housing units.