Now the must deduct the items and time to achieve stabilization; 6 months of rent loss or an abosortion rate based on the local market and leasing commissions if ownership pays those where you’re located.

You MUST read the "insurance section" of your condo's governing documents to find out exactly who's responsible for what when property damage occurs.  99.9% of the time, the policy that insures the damaged item is the one that pays at the time of the loss. 

I think the overwhelming number of landlords would agree.The item to consider is whatever you do, you are setting a precedent that this tenant will expect moving forward.  

Items:1) Define what you mean by LIH.  

Your personal tax return will show the income/loss from your k-1 as just another line item or two.

A loan officer can you give a real closing work-up with your closing costs itemized.  

(There is a 10% management fee added into expenses but someone still needs to give the management company direction- my partner is the management company but 100% trust worthy eats the small repairs and fixes and does a fantastic job no issue with this item at all.

During the writ of possession tenant expressed that they want all the items they left behind.

A good rule of thumb is to plan on spending approx $10k on all the standard items for your unit like your washer & dryer, linens, small appliances, dishware & cookware etc., plus $2-3k per bedroom.

Then, you get to add in long term capital items like furnaces and roofs.You seem to be estimating cash flow as rent -PITI.