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. 

I heard that you would need to get neighborhood approval in addition to the city approval... 

The common mistake here is that not ALL your equity is borrowable on a property and even more so on a investment property then an owner occupied property. 

Additionally, you can still find deals that will cash flow and hit the 1% rule and amazing appreciation potential. 

Connecting with other local investors can help you learn the ropes faster and avoid common pitfalls.If you have any specific questions—whether it’s about neighborhoods, property types, or what to expect—I’d be happy to help.

With hopes to build two additional cabins in the future.

My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Getting analysis when starting out is pretty common, buying that first deal is a huge leap of faith. 

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