Jon - We are lending currently on residential investment properties here in Texas.

I'm not anti-leverage or anti-risk, but a man with his resources could have prepared better.

I have worked as a broker for 20 years, and have extensive residential knowledge, and a bit of commercial too.

So, I´ve been exploring different niches for my initial investment in Real Estate and one of them is Residential Assisted Living (RAL).

Yes, I agree that it will be at least 6-12 months before we see fallout from the residential foreclosure angle. 

Is it possible to get a residential loan for this type of zoning?

However, states can sometimes have differing rules on how to define FMV according to the situation, for example if an appraisal is being carried out for the purposes of determining FMV on an estate sale or a divorce sale then the state has to follow statute or precedent specific law for that state - however in a straightforward residential sale it normally is 6 months, If you wish to challenge the appraisal I would suggest you contact the ISA - International Society of Appraisers - https://www.isa-appraisers.org/aboutThey will be able to help you.Hope this helps.

I am a residential realtor here in Las Vegas & I have had multiple cancellations in the past few weeks.

just looked at a property that was listed in the mls in two areas residential & commercial. 

I think the latter is more likely to affect bank reps than appraisers but it's possible there's an appraisal tie-in somehow.It's commercial loan on a residential property, so it's not an especially challenging or unusual appraisal by any means.