Anthony Robbins has a free personality profile assessment on his website.

I've offered to pay the difference in insurance for 2 years so the association assessments won't increase for anyone in the building.  

Ask if there are any current or planned special assessments.

You want "like kind" property and assessing this can be part art and part science. 

It could be just labeled as a monthly assessment fee, and not use the words HOA.  

Even without the potential family drama, this is a hard pass.You're not including CapEx (7.5%)Management will be 10-12%My math puts you at ~$125/month cash flow and 4% ROI, which is too low for me.You have additional risks due to this being a condo:HOA fees could go up at anytimeCould get hit with a special assessment and wipe out months or years of cash flowCondo rules could change to either limit renting of units to a year or two (the complex where I live does this) or too many units get rented out and it becomes difficult for buyers to get financing.

You need to gather intel and do a risk assessment then decide at that point.

It was assessed at $119k but we bought it for $115k.

The land is about 20% of the purchased price (based on the prop. tax assessment) leaving 160K of the improvements to depreciate over 27.5 years in our example. 

Location, condition, economics, accessibility, future assessment.