What I love about them is they will even accept the higher lease amounts over the market rents if we can show first month's rent and security deposit.

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. 

Glad to hear you were able to secure it.

You need sufficient NET (after all expenses) self-employment income from something like contract (1099) work, being a Realtor, wholesaling and so on.

They already "made it" via what there doing for active income. 

Develop your negotiation skills so you can secure better pricing, seller financing, or terms that increase your bottom line.

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. 

All that said, depending on the size of your RMDs, liquidity needs, and total income, you may consider making deductible contributions to your own IRA ($7k limit, $8k if above 50).

Given the competitive market at the time, every property was receiving multiple offers, and securing a deal required both strategy and speed.

I know little about owner financing, and to be honest, if I take on a 300k house payment (or even 250k for that matter), I would struggle to make the payment if I had a prolonged vacancy due to my current W2 income.