HOA does not have Reserves. Community didn't approve Special Assessment. Sell?

[Lisa Wilson]

Hello, 

I own a townhome in a Community. The community has private roads not maintained by the City. There have been many water main breaks (significant issues with pipes) over the last few years. At this rate, the HOA will spend the small amount of reserves it has available if there are continuing problems which is likely. The Community voted no on a special assessment to increase reserves. UGH!

The property positively cash flows (a few $100 a month) but this seems to be very messy. I'm concerned about the consequences. 

Sell? 

Thanks!