I'm sure it will drive up any rehab costs.

There’s too many factors to consider, including (lack of) housing affordability on the coasts.

Usually price and pictures/curb appeal will be the main factor in getting people in the door.

Factor it into your rehab costs, and make sure your all in is still at or less than 75% of ARV. 

Also, if bad windows result in high heating bills, it will affect your tenants and impact your ability to retain tenants and drive rents higher.   

I'm just wondering if there are other considerations that should be factored in, such as incorporating the depreciable asset of the apartment structure in MFH versus mobile home parks being primarily land, etc.

Factor that in.Alternatively, could you implement RUBS to pass the heating costs back to tenants? 

You'll want to do some of the preliminary work up front, and then start driving neighborhood (driving for dollars), or contacting people (agents or home owners).

It's not the west side, but it's worth the drive.

It has been on the market for 134 days, so I may be able to negotiate a lower price if the seller is motivated.My down payment is 3%, and closing costs will be factored into the mortgage.The amount for principal, interest, property taxes, insurance, and mortgage insurance is around $740-$760/month.