I co-own Gracie with her breeder, but she's pretty much my dog. The breeder has been great and we have no problems.
I would find a breeder that lives close to you with a few dogs that are active in the show ring. They may help you pick out a dog to co-own. Since your parents don't want another dog at your house the dog could live with the breeder and you could tag along to the shows with the breeder. That's what I did until Gracie was old enough to go into the show ring.
The financail part of it would be something the co-owner and your family would have to talk about. They may pay for it all or ask you to help pay for entry fees, hotel fees, etc.
(edit: be aware of breeders that can get ugly. Some people will get the law involved if you sign a contract, but don't read everything. It'll end up biting you in the rear.)
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