You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month. 

My initial thoughts when it was mentioned, was to push him more to a standard multifamily investing strategy.

As mentioned above, they specifically allow this.  

Once we are debt free we want to hit the ground running to avoid, "paralysis by analysis" as @Nathan Gesner mentioned. 

Why nobody is willing to mention the cost of the program to attend?

As mentioned in the title, I'm new to real estate investing I'm wondering if there's anyone out there with experience with the co-living strategy using pressurized walls in Las Vegas.

I dont see any reason why the market would go up with the number of new buildings they are putting into the city as well as factors mentioned above.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Someone with a license will chime in after I mention MN realtor but as I recall you need a license to be a property manager.From a practical standpoint - if you dad is going to "help you out" while you are out of town I can't see you getting in any trouble. 

. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!