I think many people were expecting and predicting a large shakeout, so that isn't much of a surprise.

If looking purely for investment purposes townhomes and single family homes zoned for short term rental are an option and may provide a more predictable occupancy profile provided it is properly managed. 

I was uncomfortable but I thought that maybe this was the way commercial deals worked.The GP predicted selling the property for $3.1 and then signed a deal in January for 2.78, which seemed low given the hot nature of the market and the improvements done to the property but I didn't really have any recourse.

It will just make since, if you buy into it with 30% equity because you bought at a discount and the arv is pretty high on top of that, a person with the means would be crazy not to want a piece of the pie.You can't predict the future, but in this business you can come close.

The ones that's have sold, are right what I predicted mine to be, and some aren't even updated as nice as mine would be.

How can I start exploring on my own to predict a correction.

However,  nobody has accurately predicted when rate hikes would start and it keeps getting kicked down the road (who knows, we might be like Japan, which has kept low rates for well over a decade).

The 4 in 4 and 8 in 8 which was just really 4 more 4 in 4s is just a way to produce predictability.  

Of course, this could be attributable to the fact that Ogden (still) has the least expensive real estate on the Wasatch front including Brigham City.Moreover, the general trends are as predicted. 

Even if the market tanks, which I don't profess to have the expertise to predict, I think you should be fine so long as the rental income you collect can help you weather the storm through the recovery period.