Would the process of verifying all those numbers (especially the construction estimates) typically happen after making an offer, during the inspection period?  

My state requires a 3-day grace period so I charge a late fee on the 5th and I start eviction on the 10th.

As a vet investor, would you stay away from this property or buy and hold for a specific period of time?

Period.

Hi Monte, normally for a residential mortgage your "gap" funding (down payment, closing costs, etc etc) need a seasoning period of 30-90 days before the lenders will let you use them.

I've found promising leads with SECU, and also looked into Coastal Credit Union, but I wonder if there are if there are other local portfolio lenders offering short loan seasoning periods (<6 months), or who are even potentially able to roll the rehab into the loan? 

Period.

The 1-year period doesn't prevent you from selling the house during that time, just moving out and keeping it as a rental.

Or can I not occupy it, must rent it out in actuality for a period, and represent the numbers that way?

Once you get judgment, there may or may not be a redemption period and then the sheriff's sale.