The lead inspector found nothing inside the home, but once he got to the exterior he found two window cells that supposedly had traces of lead paint.

@Lindsey Thomspon wood rot (potential siding and window leaks), mold in attic could be a ventilation problem with the bathroom, ceiling damage from leaking bathroom above (in walls too most likely), water in the crawl space (poor lawn grading which is probably the reason for most of the moisture), just to name a few.

Also the windows are old but how much does a tenant really care about the outside and windows?

The house was built in 1978 and looks to be in good condition, with the exception of eventually needing new windows and painted walls.

It also included replacing some damaged trim around the dormer windows, and some minor repairs to box gutters (box gutters are a physical part of the roof and soffit structure).So my quoted amounts might be replacing both your line 1 & 2 items. 

Option 2: Sell Property #1 and Property #2 outside of the 45 Day ID window.

*new roof*interior and exterior paint*new flooring*updated electrical system*opened up doorway between dinning room and living room*all new kitchen (cabinets, stainless steal appliances, granite countertops)*trendy board and batten window shuttersThe top selling points were the beautifully tiled bathrooms and kitchen backsplash.

Some of the larger expenses-Interior/Exterior Paint, Storm shutters for a few of the front large windows, added additional cabinets to one unit,  New refrigerator from Dent/Scratch store after old one died,  Laundry units that tenant pays +$50/mo for etc. 

The most concerning aspect of the property is the wooden frame windows that are original to the property (circa 1979) and have visible rotting.  

It's tough to do a complete upgrade to an occupied unit so in this case you do the easier stuff like plumbing & lighting fixtures and appliances, window blinds, countertop resurfacing, pretty much everything but flooring and paint which can be too disruptive.