I would think the avg cost for the window and replacing should be around $250-$300 per window, pending there stock windows with no build outs.

Current Status = $800 but closing on a 4-unit building that will produce $1800 -$$2200 pending on increasing below market rents.

Really helpful with my pending jumping into the first property. 

If its no longer habitable, and you have landlord insurance, the landlord insurance would cover lost rent.If you have homeowners and the place is empty pending a tenant moving in, or you have a tenant in place, you'll be lucky to recovery anything.Flood insurance covers "rising water".

@Megan Shay, Thanks, but I have everything lined up and in pending status.  

You can place the deal on hold pending the full damage analysis, treatment plan and repairs.

The seller knew that many buyers would get scared off by the building's unique lot conditions and structural issues, so he took the discount and sold to us rather than risk going pending and back on the market a second time.

Assuming all of these pending repairs can actually wait for up to 4 years without penalty or failure, that puts your breakeven point at the end of Year 6... which translates to an IRR of 13%... a little low considering the amount of time you have to wait to get your money back, but not the end of the world.  

I saw a great deal that came up in Everett last week, but has since went pending.

Matthew Terui Keep in mind that the difference in opinion on how to manage them could involve deferred maintenance or pending cap-ex expenditures.