The property features two 1,400 sq ft suites on the main level (one currently leased) and over 3,000 sq ft on the upper level, with 750 sq ft already occupied, 3 small office spaces (+/- 250 sq ft each), and a basement tenant with 1,400 sq ft of storage space.The building generates $6,000 in monthly gross income from its five tenants, but with full occupancy and market-rate rents, it has the potential to bring in $10,000+ per month.Given its historical significance, stunning architectural details, and location, I’m curious about your opinion: Would this property be more marketable for sale with or without the current tenants?

In general, tubs are moving down on the list of desired features.

If I can't get a substantial premium above the market rate, it's not going to work out.

As a purchaser, I really like when a property already has utilities that are split but I wouldn't pay a 20K premium to do it. 

You could pay PMI for 21 months before the PMI cost more than the origination fee so you may not be paying much of a premium on PMI vs the origination fee charged by SECU.If you get this house up and running, you could be looking to purchase your 2nd home in just over a year with 3 to 5% down (depending on your income and the income limits for HomeReady once you are looking to purchase your 2nd property). 5% is always allowed if you make more than the HomeReady income limit. 

Assuming you're contracting it out make sure you get multiple bids and I'd do the bare minimum inside or do that yourself (unless you're going to make it a hangout spot as a feature for guests - could also do this over time as you see increased cash flow).

If they can't get a lonf from a traditional profesional lender then why are you lending to them without a premium for the risk? 

I want to compare these ratios.I also want a summary of features of the “high” category above.lastly, I want to know where those high properties are clustered, and if the market is saturated or not via comparison of supply vs demand growth.Hope that helps! 

By moving to the SECT 8 model, we were able to increase the rents with $5-600 premiums per unit.

You should still contact them to make sure they don't have that feature.