There's a decent spread in the deal and we were going to buy it, fix it and flip it.

I checked their social media for anything negative or crazy.

With that said, that doesn't necessarily mean that LinkedIn is the best platform to focus on considering our focuses right now with our business.I recently spoke to a social media expert that told me that (considering my current workload) I should focus on one single social media platform to implement  a strategic social media strategy on.Our company goals for this year are heavily reliant-upon us:A.

This isn't a recipe for success in this connected  and instant communications world.I am sure you are thinking of other social media methods of communication, but, talk will never go away!

Owner took out a mortgage in 2013 for $68k for the purchase of bothCondo association filed delinquent assessments on 3-24-15 this year for Floors:1, 5, 4 & 11 -- not sure why they did not file on some of the others - per my understanding the original developers are not paying either, however thats probably a moot point since it would be like attempting to get blood out of a turnip.Taxes per floor range in cost from $2700-$5100 -- the ones with lower assessments went and argued with the appraisers office once they bought out of foreclosureSpecials payable until 2023 of $4421 per floor  (once this is done - helps a bit with cash flow -- specials were used to change some windows, make street level improvements and upgrade the heating/air)Last Income statement I could get my hands on was from 2012 -- Expenses per floor at that time (doubt it's changed much except the owners association dues are likely higher to make up for the shortfall of the other deadbeats)Monthly expenses of $2500-3100I believe the mgmt company is ripping the condo owners off - charging $3575 per mo for the building for building maintenance, $3046.23 per mo for janitorial, $3300 per mo mgmt fee -- these are some big ticket items I could see cutting back on.So rough financials per floor per mo****************************************$3383      per mo rent (5800 * 7psf/12)   (676)     20% vacancy allowance   (643)     general/special taxes   (2600)     rough avg expenses per mgmt company - think quite a bit can be cut here---------------------------------------------------------------------------------(536)       rough loss per mo on a worst case scenario$4350 per mo rent (5800 * 9psf /12)   (652)   15% vacancy allowance   (643) general/special taxes    (2600) rough expenses per mgmt company - think quite a bit can be cut here---------------------------------------------------------------------------------455 cash flow per mo on a better case scenarioWhen you put pencil to paper this is not a good deal as it sits presently, however per my understanding - if every floor owner (or if the expenses for the building) were truly spread out over the 11 floors and all 11 floor owners (or one joint owner) was paying their share the monthly expenses could be cut quite a bit.  

My goal is to create a wholesaling company in Pittsburgh that will eventually spread into rehabbing properties.

Now with the loan balance diminished and the property value up, the spread has made us have a good return... especially since our down payment was $0.

Also would a buy and hold investor require less of a spread since equity and sales price wouldn't be as big of a factor to them?

Seems like it would not make a good rehab even with little work to be done since there isn't much spread over what is owed.If it would cash flow you can either rent it yourself or try to wholesale it for a quick couple grand to a local landlord that will like getting a cash flowing place for just a wholesale fee, and possibly some repairs depending on how disagreeable those items you mentioned are.

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