Of course, the differential in return needs to be meaningful to compensate for the additional risk of a stake in a flip transaction and the tax filing overhead.  

The end goal is to have a substantial amount of passive income as well as build equity, to have additional security for my family in case something were to ever happen to myself or my job.  

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I want to make sure the tenants get their deposits back in addition to a sum to leave the property in 30 days.

The additional amount could be due to the lack of payments, legal fees, a possible refinance, and/or home equity loan.

Some additional info that I hope addresses some of the questions:@Cory LaChance I actually refinanced under the 3-month mark (see the timing listed on my original post). 

In addition, if you can buy a property under market, or with an opportunity to add value (even if it's just paint and landscaping), you then have the ability to give your investing a boost when you either raise the rents because you have a higher class property and/or pull out some equity to invest in another property.  

I have experience in processing loans in addition to buying and selling residential properties.

Additionally, should property manager withheld rental income for tax?

This is therefore making me put an additional $1212/month more towards my loans for those first/next 7.4 years ($2446-$1234= $1212).If I was to invest this money instead in a property via low money down owner-occupied purchasing wouldn't I be far better off come the end of the 22 years if I chose that repayment plan for my loans, ifffff I rely on appreciation (I know I know, bare with me).I think this because recently, I bought a triplex last year ($235k) and it is cash flowing about $3k/yr (soon to go up when I get rid of my PMI) plus my tax benefits.