For a standard rehab/flip loan, does the loan product support a pure "asset based" approach? 

These loans can be as various as mortgage loan products and you'll be surprised at how well these work for you in your business.

( ie. full month, 1/2 month ) Maybe you are using Obligo or another service/product that allows the tenant to pay a low nonrefundable monthly fee to insure their unit against damages.

This deal costs you zero dollars out of pocket and you continue with the great Tenant.Scenario 2: You decline to give them the rent reduction and they sign a long term lease at your asking rent.

Leases MUST be renewed in NJ with a few exceptions, so you could not just decline to renew.  

Also don't price things aginst what they cost to rent, rental stores often times change upto 80% of the product cost to rent. 

I heard the product is excellent in water proofing. 3.

Population decline, job growth, crime, and the ranking of some of the websites on Cleveland.

Yes, that is what i was thinking. i used quicken because they say they are friendly to AIRBNB income. i am in the process of working with another broker to shop the product around. 

A rental house i am looking to buy is listed at 175k most i can come up with is 155k they declined my offer.