Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

Majority of DSCR Lenders do not allow Manufactured homes but do allow for Modular. 

How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?

This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

This allows you to see exactly what work is being done and evaluate whether the pricing makes sense.

These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).

it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

I'm invested with individuals who have each put much more cash into the deal than I have, and their only compensations is a fixed percent of total profit. 

I feel like getting my foot in the door now with this one property would allow me to learn without being too overwhelmed.

You should allow a 1-2 Weeks for the appraisal, and 1-2 weeks for title and insurance.