That was a concern of mine too.  

@Hyacinth Dolor I am making my first plunge into commercial real estate through a syndication deal being led by an investor friend of mine.

Especially if you aren't investing in the same place as others.What I did was take a look on VRBO/HomeAway and AirBNB in my market and then pulled all the comps for properties similar to mine.

I work with a Diplomat friend of mine here in Europe to help people find trusted partners in the States in order to make their first investments.

Not questioning him/her, but I know mine would have the answer before she even presented the numbers to me.

Its tiny in comparison to the one I'd be purchasing, so I'm wondering if I should actually be comparing this to actual apartments like mine?

For instance I have a $1.5 million policy on mine and I am building another $400,000 at the moment and will add another $500,000 to my umbrella policy once they are finished before any tenants move in.

So we're building a One million plus spec house in Arlington Heights and down the street a real good friend of mine is building his own home.

Mine is in similar condition to how yours was.  

Hey Azavyon,Your story is relatively similar to mine, minus the wholesaling.