So, I am purchasing a new home, I have plenty for the 20% down payment to avoid any PMI and I have locked in a wonderful rate.

I am sure there are plenty of good books out there. 

As for rentals stil getting plenty of applications.

While it's pending, I guess it is technically off market, but I don't think this is really what people are expecting.The fact that some of the most successful wholesalers in my area are doing this, really just proves that there are plenty of great deals to be had on the MLS.

They have plenty of cash to put down, perfect credit, ideal buyers.

But, I am still working at my job, my credit score is around a 700 (which I consider ok, especially if I wanted to get an FHA loan), and I have plenty of money saved up for another property.

Jonathan, plenty of people make money as landlords in Austin but it is rough.Chicago has some very tough areas yet Austin has more murders than all of them -  Chicago Homicide 2019To be fair it's also one of the largest geographical areas and the north side of it is different than the southside of Austin.   

There are plenty in this business.The Millionaire Real Estate InvestorRich Dad Poor DadThe Book on Rental Property Investing: How to Create Wealth and PassiveBigger Pockets PodcastThink Realty Podcast

We're in the early stage of downsizing and after 25 years in the same house have plenty of "stuff" we don't need or want anymore.  

Because after they've paid it off, they want a new one and their old one is worth 80% less than what they paid for it.Huge waste unless you have the money to blow.You're 23...plenty of time to have a nice car in your life.