Last thing I'll mention is operating a co-living property is very different than living in one.

Obviously, things can still go wrong but hopefully not if this is the route I go.Jerry, If I would have to be a co-borrower and that would require both parties to occupy the space, that eliminates that option.

Rental ownership has enough problems already, do you want another possible one down the road.The plus side of living there is possibly getting a lower down payment loan (FHA), but it seems like it would put the non-living there person in the backseat somewhat vs. being a co-driver.

If after 6 months you can't find a co-signer or get your financial ducks in a row, sell the property, set aside 30% for taxes and use the remainder to pay off your debts to get the DTI ratio in a better spot. 

I’m in a bit of a unique situation because I don’t have a consistent W2 job and will need a co-signer.

I have talking to a co-worker that moved within the past year, bought a SFR with an OO loan, then one day going home from work found someone walking in the front yard and checking the mailbox.

It appears you have a co-mingled LLC on 2 levels- mixing funds and mixing purposes.But at least you are subject to commercial loan terms. 

It seems that under that scenario, the loan would be viewed more as a co-signer and less as intermingling. 

Also, while you may not purchase a co-insured policy, most all policies have an internal co-insurance clause, requiring you to carry proper coverage amounts, or be penalized at the "option" of the carrier.

I don't want to be a co borrower as my wife wants title to the house if we do it with them.