Tenant Occupied REO in 3 Unit Condo Association

[Mason Hickman]

I'm currently looking at a property that is an REO condo within an old condo conversion of 3 units. The owner that is getting foreclosed on is the same one that did the condo conversion ~12 years ago and still owns the remaining 2 units. From what I can gather, there has never been an established HOA so there are no records or anything to review. In addition, half of the unit I'm looking at is tenant occupied and they are not expected to leave (especially with coronavirus).

I've run the numbers and I have conservatively factored in funds if I needed to do a cash for keys. The property is priced accordingly (very inexpensive) and will work as a flip or long term hold but my major concern is that the current owner will be the majority owner within the condo association and there is no history to review. 

I'm really torn; I'm looking for input whether I should just move on and leave this headache for the next person or keep pressing forward?