Hi all, My husband and I own a 4-unit building...2 units on the second floor, and 2 on the lower level...I guess you could call them "garden" apartments.

Had a tenant lease space to be used for the distribution and sale of Halloween costumes.

It was a main, third floor roof that was leaking like a heck and causing major damage inside as Project 1.

Half is very bad, the other half, still needs replaced, and the next cabinet floor also is warped.

Who's responsibility since I'm renting all spaces but no ownership.

Unless the space below the apartments command some pretty steep rent, like $10K+ a month, this is a bad deal as a rental.If you're really looking to start a business rather than invest in RE, why not try to rent the space from its current owner?

We will spend the next year or so acquiring the properties, can then we will go through all the neccessary steps to change the zoning and build a mixed-use building on it with retail and office space.

First of all, the landlord is required to make reasonable attempts to find a new tenant for the space, and your friend will only owe for the time it is vacant.

Any thoughts what floor on prices will result?

This builds in a floor as to how far the price can drop as PITI falls closer to rent.