Here are the options as I see them:  - co-manage/co-host with another local owner.

Being from Colorado, (love it!)

WTF is a co-op? 

Hello Colorado Springs, BP Community!

However, those rents may be market, but if the tenant pays for electricity or water, you need to back that out of their rent (utility allowance).Tenants are not supposed to have a co-pay >29% of qualifying income and the voucher addresses the difference.For a small investor, I wouldn't target them since I stated the major rules, but there is paperwork if your property has a use restriction requiring income qual. 

@Keith Stempel Hi I was looking into the Kansas City area for an out of state investment and was wondering how it is going with Scudo property management co?

You may want to consider buy-sell agreement with life insurance basically the individual co-owners buy life insurance policies on the lives of each co-owner.

Creative things sellers can do sell their house-Seller contributions-seller funded permanent buy down-seller funded temporary buydown-owner financing-contract for deed-seller second-lease option and lease purchase-wraparound and assumable mortgageTwo: creative things buyers can do to purchase a home-gift funding-selling and refinancing existing assets-nonoccupant co-borrowers-using a 401(k)-temporary IRA transfer-pledged asset mortgage-equity transfer and bridge loan-employer assisted mortgageThree: creative things lenders can do to finance a transaction:-lender funded buydown-Fannie Mae's my community mortgage-running scenarios with automated underwriting systems-adjusting amortization period to lower payment-adjusting interest rates to cover closing costs-state, province, and local grant or bond programs-mortgage credit certificate-private lendingAll the three players above, the seller, buyer, and lender, can bring creative solutions to the table to get a house sold." end quoteMost brokers don't know these either, or know them and don't inform - teach their agents.This is through my direct experience.

I've been in the industry for 6 years as a PM, Maintenance Director, Vacation Rental Management, etc. in Denver, CO, and Breckenridge, CO.

We are a bank in Colorado Springs and may have a little extra room to talk with new clients if you are interested.