It appears that for many, many, many years the owners, boards and management had treated the building and units more as a Condominium in that each owner was responsible for the repairs to their own units, whether they lived there or rented (any damage to the inside of the unit was the sole responsibility of the unit owner).2 years ago, the board at that time brought on a new management company.  

Thanks JasonWhat I am understanding is that if the work being done is somehow faulty ( I think of a plumbing fitting attached wrongly causing a future flood) my property insurance subrogation department would come after my company for the $60,000 flood damage claim wanting my LLC to be responsible for the faulty installation that caused the damage.  

How can I find out whether the roof will last until then and not cause any damage to the interior?

Check for termite damage.

We work with insurance companies and help homeowners with damage to their properties by educating them about (and advocating their position all the way through) the claims process and allowing them to understand their options when their homes are damaged by storms or some other cause.  

Looks like damage is mostly cosmetic, house probably has good bones but won't know for sure until after inspection.

This will protect the property from damage. 

Do I close, and then sue for damages (is this even possible)?  

The seller wanted to sue the investor/realtor for assigning the home to someone who ended up causing $15k damage, and the buyer wanted to sue the investor/realtor for the $15k assignment fee they paid about a year before the deal fell apart, even though they failed in their obligation to the seller and trashed the house.Long story short, both the seller and the buyer's attorney's ended up threatening the managing broker of the investor with a lawsuit after they both tried "legally extorting" a collective $30k from the investor/realtor unsuccessfully, and the managing broker started to panic as well, which also had a negative impact on the investor/realtor too.So here's the moral of the story:1.

You will have lots of BP cheerleaders rooting for you no matter the damage done to the sellers, lies, deceit, and dishonesty.