First, I would use the lease renewal to alter the terms - - it's naturally expected and automatically spreads the work over time.If you're careful and only increase by 10%, you may avoid all vacancies :)

Thanks for you help BP I suppose it would depend on the nature of the leak.

The beautiful thing about successfully implementing this stratey is that someone with a little bit of cash could use it over and over again to build a nice rental portfolio! 

The Grand Concourse apartments were huge and beautiful with drop living rooms and attached dining areas.  

  (20% of the loan value plus a fudge factor to account for the up and down nature of stocks). 

To be honest, many times an LLC is useless because the business owner "pierces the corporate veil" which basically means that the natural person and the business become one in the same.

I would give a significant reduction in rent, at least 50% but probably not charging anything for the 3 weeks the work went on due to the nature of the problem.  

That's the beauty of real estate.

So, what's the natural progression--or what should the natural progression be, all else being equal?  

It's beautiful!