I am both co-sponsor andinvestor in several multifamily syndications.

That was here in Colorado.

The town where we have one of our STR is proposing an ordinance that the owner must reside within 75 miles of the rental OR have a contract with a 'resident agent' who must live within 25 miles of the rental!

I can help coordinate with you and your wife for investment properties if that is something that interest you.

I see in the Easton ordinance guide (link) requires "The City must be notified of any changes in ownership/manager within five (5) days of any change." but not whether a new rental registration is required. 

I guess I'm still used to Colorado's market."

If you can't qualify for conventional due to credit now, you'll want to either figure out a lender (likely local) that is fine with your credit, bringing on a co-borrower, or considering long-term hard money options.

One of the issues with this is that since you have no equity in the property, and any fixes you do benefits your friend, and your friend can decide to sell at any time.If the numbers work out well, especially with being able to rent out the basement, you might be able to make the pitch for doing this, but with the condition that you co-own the property so that you can benefit from the upgrades along with gaining the experience you're looking for.

Since I don't have the cash and neither does she, if we can find the right property that meets all requirements for a good BRRRR deal, I'd like to have her use the FHA 203k loan with me as a co-borrower.

., Maryland, Virginia).I’m thinking a multi unit will probably be my best bet in order to catchup.Below I have a few questions for the more seasoned folks:-how does qualifying for loan work when you are expecting income from tenants-how do you find properties (they go fast here in DC)-how do I figure out if it is a good deal or not based on the numbers-should I pursue a commercial property and co timid to rent?