Hello everyone, Recently i have put down a deposit for a apartment that i am interested in purchasing. I have received a managers strata report and i had a quick look through some of the figures listed. What i have identified: 1. Last years administrative fund levies raised up until May 2015 for 24 lots calculates to $63250 and a special levy $16000 (i'm guessing everyone paid a split share so around $667?) therefore $81240 raised and expenditure was $62958.09 minus the previous balance in the fund $7235.68 - balance now $11,046.68. 2. Last years sinking fund levies raised $10136.70. Expenditure was crazy as the property had to replace a water tank which costed $14376.53, drive way,paths and letter boxes costed another $3572.42 and walls and ceilings $1782, totalling expenditure to $19732.95 (a deficit of $9596.25). After deducting the previous balance of the sinking fund of $4113.57, the balance now totals a negative -$5482.68. 3. I don't know what this is but it says cash at bank/reconciled balance/bank balance totalling $6077.63. I have offered for this property at Blacktown for $440000 and it is 14 years old, about 95 sq/m and it is a 2 bed 2 bath and 1 car space apartment. What should i consider currently in my position? This is my first investment property. Should i get the actual strata report from independent company? Should i also carry out pest and building inspections? Or simply should i run (without my deposit)? Thanks guys i would really appreciate some urgent help!