Since Loopnet doesn't show all of the listings unless you pay for premium searching, you should check out some other sites.

The only calls I got were of those people looking to sell their property at a premium because my letter sounded too desperate.

I recently wrote an article about how lenders need to educate themselves on more green building features, and how an energy efficient home is worth more than its non-green counterpart.There have been several studies culling through recent data from MLS records across the country pointing to evidence showing that green homes sell for a premium of as much as 7.5% more than comparable non-green homes, but lenders are not yet taking these features in account when valuing these properties.For those interested in helping to bring about a change in those lending practices there is a new designation called the green lending specialist designation.

According to the broker, when or if the space no longer has a restaurant below apartments (which would be in our control), the risk lessens a bit and premiums could very well come down. 

I hope that's not the case, and you're able to get your premiums back down where you need them. 

The endorsement can be added at minimal additional premium but you must check that it is included on your policy/quote!

As Russ mentions, these ultimately come down to levels of management, and ultimately trust in others to do what they say:Placing bad tenantsMisaligned interests, assuming all team is fee basedCan't truly know the markets and submarketsPoorly executed repairsLarge capex/repair billsPaying premium for everythingConflicts of interest, where management may get bid from "friend" and then 2 other high priced places to make "friend" appear bestAdditional tax filings in that stateOften times more challenging to finance (clearly there are lenders that do this, but not as many)Additional costs for travel, assuming you don't blindly trust your entire teamMore challenging to replace any member of the teamThere are advantages, but for me, they don't outweigh the pros.  

Not sure what condos you're looking at but the premium for condos is no where near 2-3X.

@Jaysen Medhurst Ah I see what the issue is - you must be either a Pro or Premium member to generate the reports...maybe I'll buy a month to test it out

Just make sure that it's structured correctly to minimize the premium and maxmize the cash value.