So your first decision would be do you 1)  want to actively invest , meaning get out there & hustle - generate leads, pound the pavement, cold call, aka "marketing" and then bring those deals (because you've learned how to determine what are leads vs. what are deals regardless of asset class) or do you want to 2) be the one whose desk the deals come across and you make the decision is this where you should park your capital because it meets your criteria (a passive investor).Again, as Scott K asked, "why?". 

Then hit the pavement and start trying to find investors. 

Real deals are found by hitting the pavement, working a network and getting in touch with wholesalers in the area.

It is 100% occupied and needs $100k in upgrades (value added items only) plus parking lot pavement of another $60k cost.  

.#3 Contact Local Contractors for PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

Going to just do an asphalt shingle.

Busted asphalt driveway. 

You can usually see if there is more than one roof (assuming asphalt shingle).

I'd focus on their transportation first and ease every restriction so more housing stock can be built.Brian prime example of what your talking about is in CA for new subdivisions they want 60 foot right of ways with 40 to 45 feet of pavement curb to curb..

I have little experience in those areas but I am willing to hit the pavement and find the deals if someone is willing to teach me.