Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

Just avoid self-dealing and follow IRS rules.

Yeah, it makes it harder to determine which of the big listing sites that impacts you.

thats a monster pad. lol, it's a bit more to clean than the 988 sq ft house we were living in when we bought our 1st duplex. my 3rd house in Palo Alto CA was 900 sq ft 3 and 1  this is were location location determines value I paid 185k for it in 1985.. and sold it in 92 for 500k  doing nothing to it..

One question that I'm pondering is, even with the positive growth, how do I determine rental demand in the area?

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

The scope of work, quality needed, location etc will determine the cost.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

You really need to determine your position based upon the terms of the AOS and who did and who did not perform within compliance.