Following this thread as well.

Everyone else is transaction based and walks away with the commission when the deals closed.

For Owner Carry-Back, what are the guidelines or rules/ regulations that should be followed? 

@Ryan Rabbitt Did you end up pulling the trigger? 

This way, you can have a clearer understanding of what you want to do before making that initial investment.All the best!

@Kenny Smith the data I saw yesterday from Metro Denver Economic Development Corporation says that the front range is losing a few folks and the Western Slope is gaining a few more that your above number so while Colorado is gaining, the front range is losing and the Western Slope is gaining more.

in what I just laid out, you'd make monthly payments to the seller just like you would to a bank for 5 years, and then the remaining principal balance of the loan would be due, at which time presumably you would refinance the house into a commercial mortgage and use the proceeds to pay off the seller. 

The strategy I'm following for my first house hack is to acquire a multifamily property (duplex, triplex, quadplex) or SFH w/ an ADU (or potential for an ADU) as I am mainly looking to simultaneously acquire my first property and subsidize my mortgage payment.

Besides having a personal friend to mentor you, this is the next best place to learn.

But the reality?