In the end, Shirley didn't receive a $10,000 reduction in price or other concessions because of the layers of agency.   

It seems it would be wise to take a slight reduction in rent as opposed to taking a worse tenant.

Pros are tax handling, reduction of liability (degrees), Cons are costs, both at formation and in form of interest rates.

Short and medium term impact on the value of a flooded home is sustantial, and my research would indicate as much as 30% reduction in value from pre flood value.

The property has been on the market for a while, and there has been a few price reductions.

@Jennifer Preddy Egbert that is an interesting way to spin the offer... sometimes the idea of 'free something' can give it more weight than it would otherwise carry. just need to decide if worth having a tenant in there, would want an airtight lease in case she changes her mind and wants to stay longer...

I repeat that for dog owners to first tell me about the weight and the breed of the dog before booking. 

That involves investigating all of the associated costs of the conversion itself, the time to complete that conversion during which no rents will be coming in but there will be the usual carrying costs, and the potential reduction in today's cost the landlord pays for the centralized utilities, and even the possibility of having a difference in rent.

FORECLOSURE: A seven year waiting period is required, and is measured from the completion date of the foreclosure.A three year waiting period is permitted if extenuating circumstances [EC: non recurring events that are beyond control that result in a sudden, significant and prolonged reduction in income or a catastrophic increase in financial obligations]  can be documented and the lesser LTV of 90% or the standard product guidelines.

@Michael Totman There's one company Associated with National Real Estate but they wouldn't cover my own home, were $2,000. total higher than my existing policies and had reductions in coverage so I'm sticking with my smorgasbord for now...