You should absolutely consult with an attorney licensed to practice in Haiwaii or the state whose laws govern this lease agreement.

Get good hazard insurance, follow corporate governance, and don't be negligent.

I'm thinking of getting my real estate license to expand my knowledge base and add credibility to myself.

Different rooming house clientele require different management skill sets.In this situation where the rooming house is located in the same building, the clientele of your rooming house will govern the clientele of your apartments.If the commercial client(s) have a net lease and are paying for their own maintenance, $9K/year might be about right.

I am trying to compete with market price so not to lose passive income or take anything out of my pocket. 2)  does the regulations of tenant- landlord guideline listed in the nyc government site still pertain to me?

A few suggestions: complete your profile and upload a face picture to add credibility.

It's dishonest and outrageous and it breeds cynicism about the government's motives.FWIW I have had good results using specialists to appeal the assessments on my rental properties.

My entire career has been working as a government contractor and due to the lack of job security, I've lost my job multiple times. 

I've been running into a bit of an issue gaining leads from local government authorities as far as absentee owners or inherited properties, etc.

I've been running into a bit of an issue gaining leads from local government authorities as far as absentee owners or inherited properties, etc.