The key factor to consider is the special assessment, as it will impact the value of the property and the return on investment.However, the fact that the assessment will be paid by the seller, and the condo is being offered at a price below market value, suggests that this could be a good investment opportunity.

in simple terms the price is more or less justified if you sold each unit individually  but if you evaluate it as a multifamily property its 50-55% less than the current suggested price .... number example 4 mil asking price valuation (Residential calculation) vs  2 mil valuation (Based on NOI Multi-Family calculation) The property in question is a "text book" built and zoned as multi-family property no doubt... 

Its really simple, uneducated and unsophisticated people doing something that they do not know...

Any suggestions on how I move forward or what options I have?

Appreciate the suggestion nonetheless.

Any suggestion or advice will be most appreciated, thank you for your time in advance. 

I would suggest you "house hack" a 2-4 family as others have mentioned.

Just a suggestion, it could be that for something which feels a bit more temporary/shorter time warrants a bit more flexibility from a screening standpoint. 

hello im an investor based out of central Illinois and im looking to get financing from private money lenders looking to make a passive income does anyone have any suggestions oh who or where to start??

It sounds like a tough situation, and I'll do my best to help in a simple way.Firstly, it's important to know that you're not alone in facing issues like this.