If you’re planning to hold for many years that will include just about everything: windows, doors, roof, siding, furnace, deck, driveway, sewer line, water heater (several times), appliances (several times), flooring (several times) etc. you’re likely to come across about one or two of these big ticket items each year.

If there is any price softening during your 3 year window then that's out the window too!

new windows, landscaping, kitchen flooring, appliances, paint, drywall repair,

He mentioned rebuilding the wall under the window and shoring it up really well with 2x4's and then making forms for a concrete fill in, making sure to put a water barrier, such as red guard on the old adobe surrounding, to avoid moisture from the concrete, dissolving the adobe blocks inside the Plaster walls.  

150k for a Multi in Union county either needs a lot of work, or has bullet holes and barred windows.

We are finishing up a live in flip and we have done all the major things- windows, floors, kitchen, paint, etc and the house looks really nice,  and will be staged well, but I really want to add a few extra touches that will make it really stand out. 

He & his guys did an AMAZING job of removing all the rotted old wood trim around the windows, replaced only what was necessary with new wood, added new PVC crown moulding & soffits, new gutters & painted the entire house and added shutters.

The down stairs units have no windows and have been difficult to rent.

We will have to replace windows on the first floor in the current year which will eat into profits, however annualized, the returns will still be strong, and all tenants are happy.

You can tell the price of labor by the 7k he is charging you to install windows (and not even purchase the window).