Does it need a roof and new heating system or just paint and flooring. 

Until you have to do a major repair like a roof.  

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.

If you are a rookie and investing out of state, you are going to need an all star team.

Get a roof inspection too.

@Nick D.I'd start with identifying what your buy box is for your next property and what you are going to need for a purchase.

Click link, click "show members," pick whom you might think would have cause to need a good garage or overhead door person. https://strongchapters.com/ks-northeast-bni-little-apple-all...GL.

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.

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.