Large special assessments and dropping values are common in nonwarrantable condos.

the wholesale crowd wants to make broker fee's called assessment fees  and or double close.. so its a no money make fee's business. as opposed to a broker or company that actually closes and resells.. 

If you believe that things are as they always will be, (first you should look at the past and see if that is a reasonable assessment of what the future brings) then taking into account: limitations on what you can invest in, your Solo 401(k) "projected" growth, fees & hidden fees, you can't co-mingle funds, you have to carefully manage the process, future tax increases, tax law changes, a national debt that is north of $22 Trillion dollars, unfunded liabilities and and of course inflation, along with possible "bail ins" then you are well equipped to decide if that is a good choice for your style of investing.However, If you are an "opportunistic investor" . . . . you jump at the opportunity when it arises, then you run into some conflicts.

Lastly, there are often hidden "special assessments" that the board can levy which will gnaw away at your cash flow.

100 seems low for per month unless it has a very low assessment.

If you send me a direct message I can share our lot lease agreement, which I think is pretty comprehensive.

After that, I could see what my economic situation is and then assess what steps to go with and what strategies are the best.

Specifically, I want to ensure I am being comprehensive of all sources of revenue and expenses.

@Jeegar Patel If you do not occupy the property and claim it as your primary residence, then it will be assessed at 6%.

I currently have about $100K in equity In my home according to county assessment and other homes in my are have been selling for tens of thousands more than that assement.