I personally would have to have one of the windows replaced before I'd feel comfortable renting it, but that's just me and based on personal experience including a traumatic one from childhood in watching the apartment building next to ours burn in the middle of the night.

We keep "kiddie" as we say backhome which is a pot of money set aside for rainy day fund in case we need to replace appliances, perform repairs or other capital improvements. 

I am replacing all 4 toilets.

I.e. contractor pulled all the drywall out, here are the before and after photos, we replaced the studs here are photos, and then show a before and after mold test that was completed on the house.

What I am seeing is older residential units being purchased, eventually torn down and upscale apartments replacing them.

There's no way to guarantee things won't break, there are only ways to protect yourself financially so you can replace those items.

I'd recommend the spread on the return and your ability to replace damaged items (local vs. not local, strength of your team) be the determining factors in that decision.

There are not enough Gen Z-ers to replace them, and that puts pressure on (legal citizens) wages, partially offset by immigration.

For replacement canoes that got damaged by straight line winds.  

I will buy a replacement property at $1M, with $500K down.