If you subsequently purchased a property for 200k, would you count gains/losses against the 50k you now put in or against the 25k you started with as that’s what you’re actually out of pocket, depending on how you look at it.I hope I worded that clearly 

Or just take the loss and move on?

I did just close on a sub to that also matches my view of a ramp up into 2021 stressed owners due to covid job loss / stress selling their house to me 4 weeks ago sub to, my costs:  $2k to the seller 1.5k closing costs...

Profitable or a loss?

How will you fund the improvements and vacancy loss?

The consequences of the tax sale (loss of liens) continue.3.   

Please don't do what many do, which is trying to avoid losing money by selling now only to have a bigger loss later.

It does amazing if you keep it under shade.

@David Shirts only reason to hold onto this condo is if your appreciation outpaces the cashflow loss. 

This may decrease the amount of dues owed per unit, but also creates major issues when there is a hail storm or other loss that effects the exterior and shared spaces of the property.