In WA state, we have to pay excise transfer taxes equal to 1.58% to 1.87% for every title transfer, even if it's for 2 seconds.  

Under funded Reserves mean that when major items do require attention they either don't get it (parking lot that should have been re-paved 5 years ago but wasn't because there is simply no money to do it), or, hefty "special assessments" are levied that all owners will be required to pay in addition to their regular HOA fees.

On your expense projections that is HOA fees and when the HOA will raise them, or when they'll levy an unexpected special assessment, or if they'll vote to amend the rules and restrict or ban your right to rent your condo...

Originally posted by @Levi T.

@Peter KushIf the property is damaged, the landlord can levy a complaint against the tenant and they can lose their section 8 eligibility.  

@Levi Lill welcome to the BP community.

Levi T.

@Jeffrey Levy I appreciate the specificity of your comment.

Michael Tucker - Excise the typo

Levi T., I've had the same idea here in our community.