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

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

Or any area in Colorado for that matter

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

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? 

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

Hi BiggerPockets community,Our group in Bushwick, Brookyln is looking to buy a multifamily property and set it up as a co-op.