Colorado has been experiencing a land rush of sorts.

Colorado and have been looking for a second SFR with little success as the N.

Obviously it would be easier with your own title co.

Talk to the title co. about doing a straight assignment, not adding them (which would require seller approval) to the contract.

get it to the title co and have them start the work.Make sure they file a memorandum in the county so other people cant try and go around you.START MARKETING!

The OP and the co-owner have choices.  

As the subject title says, we're from Longmont Colorado just half an hour north of Denver. 

I have bought and sold more than 200 properties in my life, about 60 of those have been in HOAs, mostly in Colorado.

Always ask questions to see if the title co. knows how to a double close and an assignment.Same thing with any attorneys, ask questions.If neither knows keep calling until you find one.Try finding a real estate club close to you and join them and ask questions.

Here are a few ideas to kick around:Have borrower get a co-signer, or more specifically, a co-guarantor with property with equity that gets added as additional collateral.Sweeten deal by getting additional collateral like auto, truck, inheritance, anything.If you are concerned about her performance, negotiate a contract for option.