How does this work for the other co-owner of the property that does not live here as a primary residence? 

Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicles, usually my  vehicle inventory is sub 11, I want to get into the real estate game but in my situation im guessing its hard to get a good deal in getting a loan, I am single, no debt or responsibilities , ideally i would like to start with a single family home but in the current market so high i would even consider condos/town homes.

Your name should be on this list:The 30+ Best Living Novelists & Fiction Authors Today 

At least do an eggshell in bedrooms and living rooms, satin in hallways, entryways etc.  

Assuming you aren't doing this full time from your yacht sitting off of the US Virgin Islands you will be busy during the day living your actual life. 

I love horses, I've lived in horse neighborhoods.

So that means if you're living in it, you are not hacking for free, you're paying your fair share of the rent and some of your tenant's rent.   

@Jonathan Greene I have family that lives in Mississippi and I go out there or at least plan to go out there twice a year.

A good point - important to find lenders that are AirBnBRRRR / MTR friendly, especially in the current rate environment when its hard to cash flow on LTR leases 

Rest of my portfolio is in index funds and I live in Houston.