It really comes down to your personal preference of how much you need the face-to-face interaction, maybe video call may do for you.

Just had an IRS audit with someone who took that approach - they got crushed.Remember the human element of the law - it is not just what is on the books. 

For example, if a buyer is offering $200 per square foot and the medical condo is 2000sqft (as detailed on the city records) and there is a 13% ownership in "common elements/common surplus/shares in common expenses"... is the purchase price based on the 2000sqft and the common space is just included as part of the deal or is it based off of the 2000sqft plus the 13% common space?

Investing goes beyond just numbers, there's a human element to it.

A condo may requires very, very little maintenance, but if you don't want to deal with the bills or interacting with tenants a PM is the way to go.

See Brandon's Post https://www.biggerpockets.com/renewsblog/elements-...

I am just wanting to get a better understanding of the interaction between the wholesaler and buyer. 

Commercial financing 5-8 units is out of my element, but I do know a good commercial lender.

I'm wondering if anyone has advice on different elements of such a venture (did read good article from Mike Lacava from 2014), but wondering how best to size the build for my area, best type of lending to go after, other things to watch for in such a venture. 

This is way out of my element, as I am typically a value add investor.