Other factors that will impact are the Replacement cost of the building, the deductible chosen, Liabiltiy limits used, construction of building, age of building, etc.  

So, I'm considering that an HELOC would be best since I could go along paying interest only and maybe get some of that back as tax deductions.

They will dispatch a service to fix the problem and then one of three things happens: it was either a free courtesty service, or: they will charge your account (and deduct it for next months rent, not from the sec dep, so if they don't pay, the rent is short, which will trigger a late notice that can lead to eviction), or: they will give you a written notice and enforce the rules and regulations you have signed.

If so I would redo them and negotiate at least to deduct price of what those services costs as well as what new things came up that did not come up on the first inspection.

@Levi T. how hard is it to set up an LLC? 

If the 84 months is correct I missed a deduction for my 2016 return and will need her to amend them also.

@Levi T.

You agree to pay the monthly rent indicated above via deposit to the following checking account at YOUR BANK: account # 123456; routing # 12345678  (nearest branch is BANK ADDRESS).Rent is due in full on or before the 1st day of each month without deduction or set off.

Assuming you have Windstorm coverage, you're covered, less your deductible of typically2-5% of value.  

The tenants are very laid back and I have ran these ideas of updates by them and they have no problem with it, especually considering they are paying for heat and this will deduct on their cost.