You front nonrefundable all the costs of appraisal/inspections; title company is going to struggle getting everything cleared fast as taxes/HOA dues/liens can pop up at closing those you front that money before you close to get title cleared.

Appraisal gap coverage?

Both are important as it relates to an appraisal for debt.

It was denied a new appraisal and now I must bridge the appraisal or find a new lender.

As far as income 2019 I made about $40,000 on the books, $25,000 in 2020, and I'm projected to make $40,000 (W2 income) in 2021 with maybe another 20k from 1099 Uber income , another 18k in cash off the books from tips , two families sell in a 1 mile radius for an average price of 950k I currently owe $680,000, I bought the house for 715k last year , also my income does not include the rental income as I have not filed that as of yet and I would for 2021 , based on all of these numbers would I be able to get a Cash out refinance at a $950k appraisal for a new loan of $712,500 pay back my loan for 680k , take the difference of $32,500 in a cash out , it would probably lower my mortgage as I would get a new loan at 75% LTV based on the new appraisal, meaning I would have 25% equity left in the house and remove my PMI .

I’m wanted to do a HELOC and I’m running into an issue with the appraisal on my primary.

VA can take longer with appraisals and be more restrictive with conditions of the house vs cash or conventional.   

What I have found in the last few years is this:They find the property, renovate it according to SOW, put a price on it at which the property appraises, I get it financed 20/80 and they then manage it for me in perpetuity.Since I started that strategy I never missed a rent payment, (except during turnover) and got the full appreciation of each property.

To the OP, you just need to understand going in that the lender refinancing your property is NOT going to look at the STR income for the appraisal.

So even if the appraiser did use some of the 4 unit buildings to measure against yours the adjustments the appraiser would be required to use would throw the value off too much.