A housing option that was once reserved for the college dorm is now becoming more popular among professionals across the country. Cooperative living or "co-living" combines like-minded individuals, private bedrooms, lots of shared space, plenty of amenities, and short-term leases.
The co-living concept is just stretching its wings. It could be something that becomes increasingly popular among the millennial generation. Baby boomers who are now empty nesters may also like this option, rather than living alone.
And real estate investors will love this concept because a single family home can be operated like a small apartment - with cash flows much higher than renting to just one family.
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