You could give a "friends and family" discount on the rent but you want to make sure that you're not subsidizing their rent payments...at some point, you may want to sell the house or rent it for a higher price and that becomes problematic when the other party may not be able to find comparable housing at a comparable price. 

Does that sound reasonable even if the actual texting part is quick but it takes the tenant a long time to text back?

There is a need to create a win-win for all parties involved, and the landlord or manager needs to be a leader in a situation like this.Whether you self-manage or use a professional manager, communicate with your team and others in your community to find creative solutions to keep moving in the right direction.  

Consider offering a master lease where you receive a monthly fixed amount & the other party keeps the difference.

Nationalists/Facists in 30s) (I am not insinuating that these parties are similar as conditions were very different, simply reiterating that the gap between both parties is quite extreme. 5.

If it works, IT WORKS.If you want to lowball and try to get a little extra, understand the other party's position.

This will benefit all parties.

I would indicate that you strive to make any deal beneficial to both parties and that you are not looking to take advantage of anyone. 

I'm not following many of those discussions on here, but if you have anything to add here that readers could benefit from, I'm sure they would appreciate it.Chris thanks for the shout-out, sorry I'm late getting to this party but as you can imagine I've been all hands on deck all week and only now coming up for air. 

The overwhelming part is the contracts and legal side of things)5) Any additional tips in general that you have for something completely brand new, as far as actionable steps go.