My wife and I combined generate low 6 figure income from our jobs, we have no car payments, and the mortgage on our house in quite modest.

You would do this to generate cash.  

Do people find them to be better lead generators?

Obviously this isn't a scenario where you are working a farm and trying to generate any potential lead, but a smaller, more hand selected approach.

How much rent do you think it can generate?

I'm the third generation following the same path trying to grow the empire in the continental USA. 

@John JacksonI guess I’m still unsure how to decide between buying cash and having that much more cash flow as oppose to putting next to nothing down while generating less cash flow, but having some cash left for another deal thus creating more cash flow.  

It's getting the next generation comfortable with selling their home online and Auction.com is at the forefront of this. 

I am having trouble finding properties that even come close to generating positive cash flow after PITI and a 50% rental income maintenance factor.

never too late, have seen some beginning investors who are in their retirement years, looking to generate some income and have some time to devote to it also.