I'm a veteran also and co-host a small monthly networking meetup exclusively for veterans. 

I started wholesaling and learned people like to work with verbal communications and no one had an interest to want to put any type of co wholesale of joint venture agreement together.

Larger checks often want longer track records.  2014 founding doesn't cut it when these same investors have access to groups with 1998 founded companies, with more deals and similarly consistent returns.Co-investment: Larger checks often do require significant co-investment.  10% of equity is common.  

In Colorado we’re lucky to have the best of both worlds: landlord friendly laws (among the top 5 most landlord friendly states for now although trending towards being more tenant friendly especially in the larger towns) and strong underlying fundamentals that drive high overall returns. 

A lot of people in Colorado look at other markets like KC, STL, Wichita because they are close. 

There are larger databases (Co-Star) that have information on larger properties, but I'm personally interested in small to mid-sized multifamily.  

Home was originally 4/2 but converted 2021 to co-housing with 3/7.

He came to me to see if   I would be open to co-owning the property.

Is it better to open an LLC in the state where the property is physically located OR in the state where I live (Colorado)?

I house hack myself here in Denver, CO.