Do you have an HOA?

The paperwork on the self-managed HOA, tax, and city records indicate there hasn’t been a change since the property’s Inception in 1984.  

Are the units you're looking at on Zillow including water or HOA fees or other items in their rent price or omitting them?

I don't forsee the HOA or condo being FHA approved for quite some time even with the new less strict FHA guidelines. 

I don't recall the exact number, but let's say there are 75 4-unit building making up one HOA.

The house is nice, no HOA, low crime small town, south king county.

So far in my Bigger Pockets research, it seems that investing in condos is typically frowned upon due to the uncontrollable HOA fees.

@Tom OduorI don't see anything out of the normal, you might want to account for higher future expenses if the HOA is historically raising fees and I would put vacancy at 8% usually but seems ok if you are happy with that return on your capital.

To do so, more than likely (Again, assuming the sale is not invalidated), the HOA will file a motion for relief to get the property pulled out of the BK.

Quarterly HOA at $48.