The wording in the above does not mention differences between annual levies and how that proration works.

You will then be buying it with all of the warts attached (unpaid liens, utilities, and whateverWhen you go to sell in Washington State there is an excise tax of about 1.7% so your tax just to sell is about $8,000

@Jason Levy ooooohh that’s never a good thing to have happen!

@Levi Steven not nearly enough information for someone to be able to give you any type of constructive feedback or point you in the right direction my friend...Units:Avg Rent:Occupancy:Other Income:Expenses:NOI:Purchase:Debt Amount:Mortgage payment:Extra Capital:Total Equity:Whats the business plan?

So at least it's being addressed and that's a good sign.BUT -- my question is whether or not the HOA will levy an assessment on the condo owners in the community to pay for the cost make the sewer lateral compliant.

If a tenant of real estate shall give notice of his intention to quit the premises by him held at a time specified in such notice, and shall not deliver up the possession of such real estate at the time specified in the notice, such tenant, his executors or administrators, shall, from such time, pay to his landlord or lessor, his heirs or assigns, double the rent which he should otherwise have paid, to be levied, sued for and recovered at the same times and in the same manner as the single rent before the giving of such notice could be levied, sued for and recovered.

You would have to pay franchise and excise tax as an LLC unless you waive your liability shield and become an Obligated Member Entity (OME) which defeats the purpose.What is your goal, to protect your personal assets?  

If you are found negligent and get  $1M judgement against you they can levy all 20 properties in that LLC to get the money. 

@Levi Cox Welcome to BiggerPockets. 

If your area has a high levy rate, they may assess low to keep the taxes fair.