In the as-is sales approach the appraisers only adjusted 15% for 'interior finishings', which I'm sure was in reference to the fact the building is currently completely gutted and uninhabitable.

Worry about having cash reserves, have multiple exit strategies, keep some equity, be ready to adjust your game plan on the fly, and you'll be fine. 

Working in progress, I promise.Even if your tale doesn't resemble my situation, or at least the people involved, it helps me understand why experienced landlords reacts so "intensely".

Meaning the rate might be higher, the rate might be adjustable, or the term might be a 15 year term making your monthly payment higher....and sometimes portfolio loans have all three! 

lol), and worked with the adjuster for me. 

1- there are already many “WeWork” type of spaces out there already2- it’s management intensive and you’ll probably have vacancy gaps = PITA3- does your bldg allow for that?

Debt is crushing right now, 1st mortgage on home 7%, 2nd mortgage 4.5% but adjustable, lawsuit judgement $17K at 4%, and those total the value of my home.

As a side note, so you know the "hit," or pricing adjustment for 15% down on non owner investment properties is 4.125 points.

They look like they are fixed up too.All the comps used in comparison are of condition C4 (Minor deferred maintenance requiring only minimal repairs) with some adjustments of +3000 for some comps.

They don't update their insurance provider on the owner change, so when the claim happens the adjuster denies the claim because there is no insurable interest in the property.