Or any area in Colorado for that matter

All, I understand that to be a property manager in Colorado you must be a licensed realtor. 

Homes sales are the lowest they have been in over 10 years now at this point here in Co Springs.  

Another option is to co-sign but that has the same impact on my credit and responsibility to the bank.  

In other words, I already have a checking and savings with BoA, but I would create a 2nd savings account (within my regular account) and put all the rental properties last months and security into that account (combined).Is this the correct way to prevent co-mingling of funds, or what would you recommend?

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

The lender may then require your co-signers to be owners of the LLC, but not necessarily.

How do you know what areas co-living could work? 

Quote from @Alan Mills: Got an inspection objection back with something I’ve not seen on my other rehab’s (this is a Colorado property):“The seller agrees to have a licensed plumber install external sewer cleanouts per city code and scope the sewer line ensuring its integrity.”This was a full interior/gut rehab and almost everything is brand new.

It's a 21-unit co-living new construction build in Midtown, ATL.