(For example say a 4 bd/2 ba turned into a duplex each having 2 bd/1 ba)I am also wondering how distressed a property must be to qualify for a 203k... does the home have to first be considered to NOT be in livable condition, or can this loan be applied to a paint and carpet rehab?

For example "construction finance" "master planned development" or "new lot sales" in my hometown of Bend Oregon.

I'd love to see an example. 

The buildings are different and there are also basements for example!

You could, for example, hire someone to show the apartment and provide general information to the potential tenants.

I am fresh out of the military and just relocated to the Rochester, NY area in the Finger Lakes region.

For example, I am currently looking at online REEBroker for brokerage service that offers a fixed $500 fee per transaction. 

For example, how would an apartment building lose its value in a market crash, and be tough sell?

For example, I house hacked in Somerville- got lucky getting a place in 2013 before stuff was uber crazy. 

They won’t be expecting the same money as their neighbors with the shiny new kitchen and fresh paint.Good luck!