I'm really just focusing on educating myself right now with the goal of purchasing rental income property within 2 years.

Or maybe you're looking for the tax benefits to offset other income. 

My return on cost is good, but my return on FMV is low due to underlying appreciation outrunning the rental income.

The problem is i need a steady income while flipping houses.

Would love to find some that wants to seller finance (they keep income stream that way).

Like I said, i want to buy and hold for that passive income so hopefully, someday, I could quit my job but I can't even imaging how I can buy one property, let alone, a lot more to have enough to quit my job.  

The mortgage eats up nearly all the rental income leaving about $200.  

You don't need one LLC per, though some folks do it that way for asset protection.Remember that all such business-related expenses should be fully deductible against taxable income.

There is a low income government housing neighborhood 1/2 mile from there.

Primarily, I am interested in Rehabbing but would also like to build a portfolio of rental properties for passive income.