I sent a refund check for the deposit minus all damages assessed on the propery.

Can I ask you a few other qualifying questions that will help me assess your properties value?

How many “late” payments does it take to have a fee assessed?

The short cut to your assessment and unasked question is come with 35% minimum.

As i mentioned few days ago in one of the forums, i was told it takes round $32k to fix the issue (based on one contractor's assessment).

I spent a lot of time looking at Condos, but eventually decided that the monthly HOA fees, coupled with the uncertainty of potential Special Assessments, and possible difficulty in selling, didn't make it such a great move.  

I agree with your assessment of putting tax advantaged assets in an already tax advantaged account.  

That info should all be public record and should give you a baseline for assessing deals.

I'm looking for an overall assessment of the numbers. 

Usually the property owner gets a tax attorney and takes on the county or cities new assessment.