When friends and co-workers talk about buying vacation homes I always advise them to also consider their typical annual expenditures on vacations and if you are ready to feel the pressure of vacationing predominantly at one location (and one property).Having your own place is great, but if you plan to rent it out a lot, you won't be able to fully personalize it with nicer things due to damage risk from short term tenants.Personally speaking, the world is an amazing place.

Mostly we ask they co-sign so they know the lease aggreeementCredit check for students, we don't do it, or on the parents although we do for other rentals.

I'm in Colorado Springs as well.

While I am in Colorado Springs, Phoenix has always interested me as far as rental investments.

Co-working spaces are the best choice for small business and start-ups.

I manage both our SFH properties and while most of the time it is very hands off (depositing rent checks), when something does come up it can be a scramble trying to balance the job with trying to find a repairman (or make the repair myself), coordinate with the tenants, and go out to the property to insure everything is completed, especially when I am traveling.

The snow removal ordinances I see don't expect any snow removal during a storm because they are all phrased in this way.As a practical matter I try to do several snow removals for really big snowfalls (a foot or more) and I advise my tenants to do the same.

(LOL) Condos with basements are common here, the fire-common wall footing is below the slab grade and extends up to the roof.Nice walkouts are possible in these hills, I'm surprised you wouldn't have them in CO

So I am licensed in CO and am starting to get into actually flipping property.

If I have a co-signer it would be classified as a "investment property" and that would be 20% down automatically which I do not have.