The Co-Living Show EP 3 - How Tanner Bought a $1.3M Property With Just $5K Down
Feb 25, 2026
Tanner Pyle, a Colorado Springs agent and investor who house-hacked multiple properties, recounts a creative $1.3M seller-financed purchase closed with just $5K down. He explains why this fourplex favored short-term rentals over co-living. Short, tactical conversations cover negotiating owner financing, monetizing garages, parking tradeoffs, and scaling operator-level strategies.
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Why Big-Bedroom Homes Favor Short-Term Rentals
- Large bedroom-count properties can make short-term rentals outperform co-living in niche markets where supply is limited.
- Tanner's eight-bedroom downtown fourplex pulls ~ $90K/yr because few comparable seven-plus bedroom Airbnbs exist in Colorado Springs.
Rent Garages To Boost Cash Flow
- Monetize garages and detached bays as ancillary income streams to materially improve cash flow.
- Tanner rents two two-car garages for about $450 each monthly, which helps him effectively live for free on the property.
Prioritize Parking When Sourcing Co-Living Homes
- Prioritize properties with ample parking and driveways because parking often makes or breaks co-living deals.
- Tanner filters listings weekly for good parking, especially east of town near military bases where demand is strong.