@Dave Foster is a very knowledgable intermediary who is active on this forum and can probably help you out with some details if that approach is of interest to you.  

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?

Plumbing, landscaping and improving roads are all larger items you may need to look into.

Will/Ernest, I'll send you a message for more details.  

Here is a link to typical life expectancy of items. www.nachi.org/life-expectancy.htm

Thank you so much for such detailed and quick responses!

Thanks for sharingThe repairs and maintenance line item i would assume you would have that if you had long term tenants too.

Here is their deal breakdown: Purchase Price: $189,000 Down Payment (3% conventional): $5,760 Value Add: ~$5000 (Installation of A/C, plumbing updates, and miscellaneous items)Rent form September 2017-July 2018: $11,400 (Owner Occupied & rented other rooms)Rent from August 2018 to July 2018: $18,000Brian Glasser, the Team Leader in Kansas City, has hit the ground running with building his real estate investment portfolio.

It's hard to help without any details.

Can someone explain to me the detailed steps of completing the process.