I have considered this, but due to Denver being such an expensive market to get started in my current plan is to keep buying using personal loans to secure the property for less money down.

I use mine for storage of beach toys, drying rack for swim suits, storage of extra supplies and on occasion it’s an extra parking space.  

Here are a few things that might help you as you start:Understanding the Market Dynamics: Begin with understanding the supply and demand in your area.

An estoppel is just a verification of rent and security deposits.

I stumbled across private lending and was amazed at what borrowing money did for my investing (the supply of leverage).

As we all know, we need a deal to secure funding and being a bigger pockets pro member the Invelo platform sounds like a great resource. 

Operators of very small homes are taking home strong 6-figure incomes.It's essentially recession-proof as the supply of aging baby boom seniors needing care will be in place for the foreseeable future.Residents of an ALF are generally in need of assistance with "Activities of Daily Living", called ADL. 

We supply loan quotes all day long to investors that buy & rehab 1-4 unit properties and 5-10 unit properties (including mixed use in all of those unit sizes).

Now if you read your mortgage small print you might have Assignment of rents clause  ( when i was lending I put that into all my security docs). 

Traditionally, I've adhered to the 20% or higher down payment rule to secure better mortgage terms and avoid Private Mortgage Insurance (PMI).