You can alway charge the "standard" 10% of the rent to manage it.

I don't know if there are "industry standards" for onsite rent discounts, especially luxury or if what she is offering is fair.Any suggestion would really help!

It's a fantasy, but I wish the industry standard was to run your numbers while taking into account ALL of those future costs, regardless if one may not apply to your specific situation.

Well yes I have started that dialogue but wanted to hear from the forum team as wellI thought this would be fairly standard 

Some tenants can be pretty rough on the property, and if you don’t pass annual inspection, it can be costly to bring the property back up to the Housing Authority standards.3.

You can deduct back rent owed from a tenant's security deposit. 

Would anyone care to clarify whether the interest paid to the HELOC would be tax deductible?

Within 60 days and for no less than 12 months is ubiquitous, even non-qm and portfolio loans just use the standard FNMA boilerplate contracts that contain that exact promise (0% chance any SCOTUS will ever rule a FNMA contract void due to contract language, since that would eradicate trillions of dollars of American homeowner net worth).

Even if the property looks great to you, if there are issues noted by the appraiser than a renovation loan will allow you to put those costs into the loan and go through with financing, as the county will most likely not do any repairs.Here are the down payment requirements for HomeStyle:-97% LTV 1 Unit with standard conforming only and buyer must be a first time home buyer (high balance and buyers that are not considered a first time home buyer - 95% max LTV)-85% LTV 2 Unit-75% LTV 3-4 Unit

In formulating what a bank will accept for a sales price, they start with an appraised value, deduct for carrying costs and they also generally have what is called an "REO stigma" that they can into consideration.The REO stigma is a measurable discount banks see in the market once they take back a property.