Is there a standard set of terms?

All fairly standard, all fairly mediocre.

Questions:1) Is this standard for insurance companies to make no guarantee of payment until everything is all done?

I find that when the coverage is gotten from the excess/specialty markets the coverage is often less and the exclusions more than what you would get in a standard policy.

I use the standard Realtor lease agreement, which lists all the tenants that are allowed to stay in the property.

The standard is your intent. 

They’re entitled to apply their same screening standards and wait for a tenant who meets their qualifications.Once they find a qualified tenant, and that tenant starts paying rent, then at that point your brother-in-law would no longer be responsible for paying rent.

Second does the area support rents that make sense to eventually rent it out to your standards?  

I have a retail/office space that is the first floor of aMulti use facility I own.

: Inventory down, prices and rents up. 2 week tenant turn over is long, 2-3 days is standard.