I require rental history co-living that avoids that issue and I don't use a credit score number.

@Taylor Cook A specific attorney in your state (looks like CO) is the right person to answer this, but I have posed the same question to attorneys and my understanding of the answer echos the info other posters here have given. 

Vacating a jointly-owned Property: A Borrower may be eligible for another FHA-insured Mortgage if the Borrower is vacating (with no intent to return) the Principal Residence which will remain occupied by an existing co-Borrower.

If PMs in MD operate like they do in CO, they are required to keep all client records for 4 years.

These are the best areas for room rentals (co-living) and STR or MTR with higher ROI.I am an expert in this area if you have any questions.

This is for a friend of mine and I don't know Colorado Law.My buddy has rented a townhouse from a guy for the past 3 years, re-signing a 12 Month Lease in July '24.

If a legal claim takes place, it is highly likely both the property owner and property manager will be named co-defendants.

Here's what I find most interesting.Section 29-35-103(2)(b) of the ADU law says Colorado cities can NOT "require an ADU or any other dwelling on the same lot as an ADU, to be owner-occupied."

I Need to throw Denver CO's hat in the ring too!

Make sure to open a separate business account for the LLC to avoid co-mingling personal and rental funds.Unless legally required, avoid getting MMLLC as it requires you to file a separate tax return.