Actual cash value will still pay to replace the damaged property, but they factor in depreciation when they adjust the claim - this reduces the payment amount.

From first glance they might actually pay for it to increase units and hopefully reduce costs.

There is an exception for those who can demonstrate that they have more experience and the AREC may reduce that 2 year period.  

I'm not sure if he sends them a gift card for the rent or just reduces it.

After close, since the tenant has no signed contract and is effectively month to month, you provide them a contract to sign with the rental amount as you would have charged for the upper suite and one that allows them to move back into the lower suite at a reduced rate a little higher than they were previously paying.

I told a bank to reduce my price by 10k for a porch that collapsed after the fact, or to go to hell.

@Jennifer Rysdam Unless a client is doing 100+ deals per year, the 'volume' factor is meaningless because I can't cost-effectively automate any processes to reduce my costs/time.

Sub2 usually has reduced closing costs and requires no down-payment (assuming you negotiate well).

Things will break while someone is there and a poor response to their request can reduce the amount of people wanting to rent there.

"If you reduce the price on the 4plex by X so i can come up with the cash fast, you can bump the rate up to Y and add Z years to the term .. which will net you an additional $XYZ over the course of the loan"  Start low and long with the rate and term, especially if he's not budging on the overall price much!