I'd only pay excise tax (WA state tax) and realtor fees.  

@Levi Davis Welcome to BP!

This is an awesome update @Levi Bennett - appreciate this comprehensive breakdown. 

While there are of course some benefits to a condo, the associations are able to raise your HOA fees any time they have a "need", may have to levy large "special assessments" in the event of large expenditures, and can even make sure that only a certain % of units in the community are not occupied by actual owners thereby making rentals difficult.

@Levi Davis We went through a nearly identical situation last year.

Most associations can levy any amount they want. 

@Levi Dullum I agree with @Jonathan Greene.

@Levi Bennett thank you for the advice. definitely can see the advantage in trying not to reinvent the wheel, and leverage existing/credible resources. 

Some states like WA and PA have high transfèr/stamp/excise taxes and all have closing costs, so know the costs of owning it for a short time.  

That's a worst case scenario, but basically the condo board was trying to levy hundreds of thousands of dollars PER resident to fix the structural damage prior to the collapse.