I had a small house with three floor joists that had several foot sections eaten up and also damage to the corner of a room inside the wall and around the sill plate.  

An analysis should be done for multiple different possibilities / situations to make sure the deal is as robust as possible.

The landlord would be the one footing the bill for the very worst tenants.

This deal was my foot in the door to real estate investing.

Especially once they build some bike paths and a foot bridge. 

@Shay Reddyblend, extend, amend. you are in better shape then NYC tenants as the city council is in the process of negating personal guarantees that were part of almost all commercial leases (unconstitutionally, and will probably be challenged). first off, i doubt pandemic issues are covered in you lease as force majure. so that is probably a dead end. i am sure it will be a highly negotiated clause in future leases, but not now. the first thing is to do your best to keep the current tenant as i assume your market is not robust with new tenants aggressively seeking space. there are so many questions here.

But if you're serious about getting into RE, find a job in RE, work as a RE agent, for a property manager, for a house flipper, for an institutional wholesaler, anywhere you can get your foot in the door and learn everything you can. 

What I would do is take a look at the cost per square foot of new similar type construction, to get an idea as to what the true cost to rebuild would be, if the property were to burn down completely and you had to rebuild.

Lisbon and Lisbon Falls have always been a little less robust when compared to other towns in regards to rent and housing appreciation. 

Loveland has a better value per square foot that Fort Collins, Boulder, Longmont.