Is that true that I won’t be able to qualify for a conventional mortgage by the bank?

And this is especially true if he has to manage others while still doing his own work. 

Everyone from the lender to the buyer is using the proforma, sales comps, rental comps, and true value add strategy to form their valuation in this market.Our number one goal is to find true value add with a clear upside.

This is from the actual rules under personal disclosure PERSONAL INTEREST.No broker or affiliate broker shall, either directly or indirectly through a third party, purchase for himself or attempt to purchase or acquire any interest in or option to purchase property listed with him or with his company, or property regarding which he or his company has been approached by the owner to act as broker, without first making a full disclosure of his true position to the owner of the property or to any prospective purchaser for which he has acted for as a client or customer.

The homeowner pays for the construction rather than the developer.It almost seems too good to be true, but doesn't seem to be rare.Has anyone had success - or lack of success - following this method?

Is that true, and could someone explain why?

Should you build something with separate structures, meters etc in an area where other true multi units exist your odds are better but its all so new so there isn't much data to go by. 

The old adage, "Buy low and sell high" is true, until it's not.

True, here in TX we have no state income tax. 

I'm an aspiring investor, not an experienced one, but what @Caleb Heimsoth and @Walter Aaron Poling rings true for me.