REI Condo Conundrums in WA State?

[Scott Provost]

Hi all,

I hope this is not an obvious "are you crazy" question. Newbie in Olympia area looking at a possible condo that I would 1st live in for a year then either BRRRR or flip. If I BRRRR I will need to be sure the HOA rules work. It has other things to consider including a special assessment on the HOA for external refurbishing. Is this a mine field I'm considering since the Washington Common Interest Ownership Act (WUCIOA) went live in July this year or have condos been good real estate investments in WA?   The special assessment is temporary but with it BRRRR is negative net income so it has to go before considering that option.  

I would welcome input, thoughts here. 

Thanks,

Scott