Secret shop one of their properties.

I have some anxiety that lenders will continue to become more conservative given the environment and I don't want to be caught holding the bag.2) The difference between my current holding costs and the principal and interest payments on the new loan would be marginal.

Some people scan them separately or just keep them in a bag in case they need them in the future.

However, get approved first, find out how much you qualify for then go shopping.

Haven’t exactly shopped around because I do not have a family yet.

Also can you get credit from the builder and shop around for your own?

If it were mine I (MIGHT) spray it white, and put shutters on it and add windows in place of the boarded up openings.As well as add a see through commercial style door on both ends of the hallway (rape and other attack prevention) if the area called for it.Cement a few park style BBQ's into the ground on each side (split them up to prevent tenants arguing) and park style trash cans chained to the ground (with lawn personnel responsible for changing out the bags).A repave and paint of the lot (might be a lender requirement).A commercial awning with WELCOME on it (in a bad neighborhood not everyplace seems welcome).The building name and address (easy for Police and visitors to read from the road).Some leasing signs and good look at the roof regarding replacement (for leaks) because the building looks neglected.Good bright lighting (up high on the building) around the building and parking lot at night, and no bushes (hiding places for attackers).I said (MIGHT) above, because I'd need to take a drive around the area and see the competition, to decide what I wanted to offer to make the building competitive without overspending.Also, I'd do that drive and crunch the numbers on it before being locked into a purchase contract for it, because it might be a pass instead of a buy. 

Also, working in a shop wouldn't be weather dependent like some photography is.

Old welding shop with 40 foot roofs.

Get specific on the specifics - and then shop for financing.