I did not get a permit or a CO for either.

I'm a full time IT specialist AND have my own home inspection business in Southern CO.

In Colorado Springs, we have a program that allows my house hackers to buy a house for $1,000 and the rest is covered with a 0% loan.

We would like to convert to a rental home and qualify for a 1031 exchange and invest in a rental property in Colorado. 

With all the co-op and crazy costs here I can only go out of state.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $1,300,000

Cash invested: $16,000

Sale price: $2,000,000

With just 16k of our money, using creative finance, fl...

When you each sign as co-guarantors you are signing jointly and severally, not for only 20% of the loan amount. 

@Tracy ScottLike @Wale Lawal alluded to ... the cost to buy a house-hacking property here in Colorado (or anywhere) are really no different than the costs of buying any property, regardless of your use.Upfront-- You've got down payment and closing costs (1-3% of loan amount). -- Inspection (maybe $500) and appraisal ($500-$1,000 depending on market) -- Any furnishings, if you plan to furnish it.

Do you need a local co-host to help you with that?

You can use a co-borrower just make sure they have good credit and a (2) year work history of W2 income.Try and avoid self employed co-borrowers because their tax returns typically do not show income and are full of deductions.