I am from Spokane Washington, and the real estate prices there are through the roof and make it almost impossible for a new investor to get started.

I am not able to take equity out of my condo because it is currently on the blacklist due to HOA fixing the roofing and a Fannie Mae rule stating, if more then 50% of the condos in that community are owned by investors, I may not be able to refi.

It was nice because it had a new roof and some newer updates.

“This needs a new roof, the plumbing is outdated, and look at these cracks in the foundation!”

My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.

One thing to note- the building is older (built in 1922), is considered in a historical district, and although each unit has been fully renovated, I have not upgraded all the electrical/roof and plumbing, so that's on the older side which I know is more challenging to get insured... 

Insurance fell dramatically since a new roof was put on and I switched carriers. 

Check out this site - https://theluxurypergola.com/blogs/louvered-roof-info/hurric...They cover wind resistant pergolas in general but I would make sure whatever you get will be able to stand up to hurricanes that happen there from time to time.

Slate roof or even Spanish tile.

Shed has collapsed roof.