Some of this will all depend on how long the deck has been in place and grandfather rights.

I work for a bank as well.Tell someone in compliance, they likely won't care (depending on what you do there) but you don't want to get caught having not disclosed it.

It all depends on the end game.

Some operators can do it faster, especially if they are pre-leasing and the market is hot/competitive.Maybe on the spreadsheet, or could see if lender has one, depending on what you're actually looking for.Yes, there are def specific lenders out there, as ALF itself is a niche and you add construction to it and most run away.May be able to pull some information from lender regarding the market specific questions on operations/mngmt and construction companies, and the typical percentage of total revenues charged.

Also depends on the size of the property and how many units need rehab.

Depending on your level of income that can make a small or very large impact in terms of what you keep after paying Uncle Sam.  

If buying by owner can get you a great deal, hiring atterney to help you with the offer and stuff is worth it.We personally looking for a deal like that for a small multyfalimy in NE Philadelphia to beat the crazy competition.If you don't have kids yet, you might want to check out househacking a duplex. live in one of the units for free or almost free depending on the area for a few years, save for down payment on your next home.

Finding reliable GC's in Houston is already tough enough as it is, and the insurance work (depending on their level of payouts) could very well become the priority.

Depends- I an full-time real estate but have a property management company that takes up 75% of my work week.

It depends on how the private equity deal is set up.