In my land Timber days we just used bank LOC's but success in logging and creating substantial income allowed us to get those lines.

They will do what they have to, to get their rent paid.As long as someone has a good, solid, verifiable income, I wouldn't hesitate renting to them. 

Look into DSCR loans, which use rental income for qualification, allowing you to scale without relying on personal income.

Adequate W2 income and 780+ credit score. 

Quote from @Timothy Villa: Hey y’all just heard about this community and wanted to utilize it to grow more knowledge in how to have real estate help me with earning passive income. 

My wife and I have business income and our accountant can divide the income according to what would be the best for reducing tax liability.  

Is your Adjusted Gross Income over $150k where you can't reduce your income with rental losses?

If you wanted to diversify you could use the income and purchase other properties, slowly add other properties. 

I agree with @Isadore Nelson, there will be an initial sting due to to the IRA transaction but with quick math at 8% your 60k will generate about 4.8k in year one, in 4 months at 1.3k you've already eclipsed that, their will also be a larger tax for passive income and an initial penalty from the IRS, but it won't erode the 8 month difference let alone the yearly compounding effect.

With two rentals, you might consider QuickBooks Online Plus, which allows you to track income and expenses by class codes (ideal for separating each property’s income & expenses to assess profitability by property).