If they inspection comes back in good shape, you can get a reasonable insurnace premium and close.Since “condominium” is a definition of ownership rather than a property style is where the financing issues comes into play.

@Steven Helminen he is buying for land value, your house is worth more than that, I would expect a pretty good premium because as far as he knows you don't want to sell and need to be incentivized with more money.

Stay conservative on your rent premiums, factor in a 10% yearly vacancy rate, underwrite 50% for expenses. 

Is there a quantitative way to add a premium to selling price for the income producing feature of the guest house?

@Benjamin HurwitzUnderstood, i am assuming your premium is in the interest rate to cover the extra risk.

Ultimately the plan is to acquire the property, split the lot into 2 parcels, renovate both properties to achieve premium rental rates for that area and then pull the cash on both properties at 75% ltv and go then go fine another deal!

I would suggest getting the PRO or Premium accounts to list you company that others can find you.

But to answer your question- there’s a good possibility that a property can be sold at a premium if it’s zoned for commercial/multi family use.

I have a couple of properties with oil burners and I pay premium ($500+ / year) for the tune-up and the 24/7 piece of mind.

And the Premium?