@Sherry G.I don't know much about co-ops but if it's akin to HOAs (always paying out $) and I see you used the term assessment, you may want to sell since it's also not cash flowing.

In Memphis I have 1.2% and in Northern Colorado I have .8%. 

A 2nd home has to be something like I'm buying a home in aspen, CO because I love to ski or Arkansas because that's where I grew up and I visit family often.

He and his co-author are based out of Austin, so the numbers given are going to be pretty similar to what we have in Houston.

Amateurs Co by the  county figures.

Would it be beneficial to find a co-signer?

If you don't meet these requirements you may partner with other people  (co-sponsors and key principals) whose combined networth and liquidity would satisfy a lender.Once the property is stabilized it can be refinanced with a Fannie Mae or Freddy Mac loan which would have no personal recourse but similar networth and liquidity requirements.Ad for best banks, find a mortgage broker specializing in apartment loans and let him/her search for the right lender. 

@Ujwal Velagapudi Yes, a 4 unit building I recently bought has a property management co.  

i have listened to all of the podcast and did research for buying a SFH in colorado springs near the military base.

I do handle mortgages in Colorado but cannot claim to know distances like I do in Chicago.