This is my first time and I'm buying a fixer upper that needs a new compressor, roof and a total kitchen remodel.

Should this comp as new construction or remodel?

I wouldn't knock down anything, it was suggested that I remodeled the two that I have.

In our 'day job' business of remodeling we have stayed just a partnership with an LLC.

I see a lot of LL compare their old unit that hasn't been remodeled in 15 years and has delayed maintenance to some newer units.... they create a vacancy but jumping to what they see as market and that vacancy and remodel costs them tons of $$ that takes YEARS to catch up on with that jump to market.

That no additions or remodeling was completed without a permit.

Would I pay for all the remodel expenses and then 50/50 split of profits or does contractor pay remodel cost?

We include a couple days of essentials like toilet paper, etc to get them by. 

I lost nine pounds during the remodel and at the final week of work, I fell face fist off the ladder and was knocked out and suffered fractures in my face.

He did the repairs and remodel himself.