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.

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

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. 

Hey @Adriana McLaughlin - I am not a tax expert, so I am tagging @Steven Hamilton II and @Aaron Zimmerman both local Chicago accountants.If you are even considering becoming a real estate professional and leaving your W-2, it sounds like you already have your answer—you should totally do it!

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). 

I would highly recommend passive investing which will allow the experts to take the risk and acquire the debt and manage the toilets, tenants and trash.

You might also consider a reverse 1031 exchange, where you buy the replacement property before selling the original, allowing you to secure a better deal.

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

Without a track record its difficult to secure capital commitments from those outside of your network.

If you do this for enough years in a row you should be financially secure and everyone will be jealous how lucky you are!