It does need a new roof, repaving the parking lot and general repairs.Currently I own one condo worth about 100k free and clearPersonal house has 170k mortgage and I have about 20k in personal debt.What do you guys think?   

Brown spots on the ceiling, possible roof or pipe leak.Cracked walls, possibly from stress due to the house settling.Rusted cast iron piping, time to replace the line.The list goes on and on.

If they do not have any then there is your answer  Just because a company can find you a good deal does not mean that they can get you the monthly return year after year on that property Always remember you own four walls and a roof ,they owned the business system it’s operating inside of that to give you the actual return that it was promised and that’s easier said than done if they don’t have correct policies procedures in structure Always make sure that your business model aligns with theirs to make sure that they are going to help you reach your ultimate goals well if they cannot have that conversation with you then maybe they were the wrong team to leverage your properties with

It stIll needs a roof, HVAC hooked up, and about $1,000 of odds and ends punch list things.

I have a buy and hold deal in Charlotte NC  3/2 has heating and air roof 5yr old price 150.000 should get 900-1000 for rent 

Most REO sellers will not turn on or allow water to be turned on, or allow repairs for appraisals or before closing, most secondary market loans require all utilities to be on at time of appraisal, minimum 5 years or more roof life left, no holes in walls or flooring larger than a quarter,  or significantly soiled flooring, walls, ect. 

How can you pay all the bills and build up reserves (to redo that roof etc)if it is coming out of your pockets which may be pretty empty to begin with.

After 21 years, you would have:a - 3 propertiesb - No debtc - $22.5k/year in income/cash flowd - Made no profits during those 21 years, and...e - Will have at least had to replace (pay for) 7 - 8 roofs, 6 kitchens, 10 floors, 8 furnaces & HWH, and various other repairs not covered by any hold backs. 

We've had half a roof blow off in a wind storm because the previous owner's contractor didn't install correctly.

@Jess WhiteI like using the Roof App.