Data reference is local paths, did not check Share outside Organization.
I thought I understood that creating a project template was the way to fix folder & database connections, styles and a set of layouts, maps, etc that I want to start each new project with...but now I'm not sure.
If I use 'save as' to create a copy of a standard project start, new toolbox & gdb are not created for the new project...presumably a Template is the only way to make this happen...but I can't reference locally stored data in a Template without creating all new copies of it?