I have been practicing my deal analysis daily, but it's hard to tell if my numbers are accurate without comps. 

If you're sure the land will appreciate on it's own, I don't see any harm in going for it, unless of course your money can perform better elsewhere, which it probably can.

I recommend requesting a review or a new appraisal that compares your property to similar multifamily properties in the area to ensure a more accurate valuation.

If I ever brought any of them a deal by.a rookie investor in a market they do not know, with work performed by a GC that has 0 relationship with the investor, they would laugh at me.PML is not just Potsy from Happy Days. 

This is where smoke/CO detectors, grounding, electric garage door reversers, and other goodies came from.If the municipality performing the U&O calls out an item, Seller is stuck with resolving it either by fixing it or negotiating it with the buyer.

Robert Lane, best real estate agent so far I Know Keep or sell comes down to performance of the investment.

Past performance doesn't guarantee the same future performance. 

I have also looked at hawaii.It seems like sought destinations are projecting (at least with my underwriting) poor COC without performing value adds.  

At least that way you'll get a pretty good idea on whether the original valuation is accurate or not.As for what to *do* with the valuation: @Rui Dias Costa took the words out of my mouth :)Sidenote: Are there any chances to add a significant amount of value to the property (e.g. another bathroom/bedroom)?

@Christian Pichardo not a fan of Tom Cruz as he exaggerates everyting about his success to sucker people in:(Let's address several issues:1) Buying on recommendation of "Guru": what guarantees did they give you about performance?