But biggest concern with condo is the association and how it is ran, you want to make sure its a "healthy" one. 

This is where I believe you can make a majority of your wealth; though, it's important to have healthy cash flow to keep everything operating.

We would like to be able to establish a healthy target to save for the downpayment, closing cost, and rehab so we have the funds we need to do the work that needs to be done.Any general rules of thumb or general guidelines would be extremely helpful.

I've been lucky enough in 2021 to build up some healthy profit in both the LLC (real estate business) and my architecture business that I will have some to invest still this year. 

It's a small price to pay to keep your HVAC healthy and check up on the property.

We are at 75% capacity and cash flowing as predicted with a healthy profit after all expenses and reserves are considered.

We are at 75% capacity and cash flowing as predicted with a healthy profit after all expenses/reserves are considered What made you interested in investing in this type of deal?

You always want a healthy buffer to cover things since they won't be steady month to month or even year to year.

New hospital,you mean, dignity health ? I

You could be as low as a 5 CAP in a bustling and healthy primary market for a class A facility.