Recent news article refers to my street and the neighborhood it's in as "the next hot spot" and that "land prices have doubled in the last 12 mos" (they have).Seeking a cash-out refinance ($700K) and all numbers look great, BUT lenders and Appraisers don't have an identical comp (that's why it's the hottest little boutique spot in town... duh), so they are stuck and don't know how to value the asset or the business or which way to go.

What are my blind spots?

I spot clean with a carpet shampooer. 

My question is how soon can I move out and rent my spot in that complex after purchasing the property?

The building is in good shape overall will need some pointing up in a few spots, nothing that is considered bad at this point, I will be doing an inspection if we get that far, time will tell,  Thanks for the tip on the insurance!

Shaun hit it right on the spot.

NEW TILE BACKSPLASH, NEW OIL BRONZE RUB PLUMBING, HARDWARE, & LIGHTING PACKAGE, BATHS HAVE NEW GORGEOUS TILE SHOWER W/ STONE PEBBLES, NEW TOILETS, NEW FRAMED MIRRORS, NEW VANITY W/ GLAZED CAB.

NEW TILE BACKSPLASH, NEW OIL BRONZE RUB PLUMBING, HARDWARE, & LIGHTING PACKAGE, BATHS HAVE NEW GORGEOUS TILE SHOWER W/ STONE PEBBLES, NEW TOILETS, NEW FRAMED MIRRORS, NEW VANITY W/ GLAZED CAB.

Below is a stat that came out from KCM today and I feel they are spot on. 

But I am willing to learn how to spot good deals to hand down to cash buyers.Thanks