I think we will see more "adult" families living together...kids move back in or parents move in with kids.The traditional apartment model was based on 12month leases, but jobs are not always 12 months and people want flexible terms, so co-living often offers that.Seems like younger people between 20-30 and some other age groups don't want to get married and start that housing pathway our parents and grandparents took.   

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

I didn’t expect them to cashflow when I got started.

Yes to both.Did the construction start?

I wouldn't recommend this as a starting strategy for anybody.Market Auction: There's probably a better term for this but anyone who owns a property can sell it via an auction.

Any other pros or cons to this method of investing for at least getting started? 

You can start building out a team(GC, Agent, etc) to start analyzing numbers.

My team and I are about to start a high density apartment entitlement/development project in Salt Lake City's new Power District.

I think you should explore local and non-local CPAs before making a decision.

I would prefer to start out here in Fayetteville, NC but I'm not opposed to other markets at all.