Tough to say in this case you gotta know everything down to the dollar and also assess both your skill levels of executing the rehab and then deal with the sale.

What if the HOA increases the fees or has a special assessment?

A water restoration company assessed the damage, ripped up the floors and drywall and have found excessive amounts of black mold in the kitchen and main hallway.

@Joy Funt sometime in the future there will be a special assessment. $50 per unit will not cover all exterior expenses.

You can perform a cost segregation study on each parcel using various methods such as assessed value, net income (estimated net income), sqft of building, sqft of lot, or a mix of building and lot.

I have to agree with everyone's very real assessment of the BRRRR strategy. 

I have a feeling that if I pay for an inspection that they will only confirm this fact then it will hold up the process more and I'll have to get a follow-up risk assessment, then abatement ect.

Don’t waste your time on a property with an HOA because when they assess you will have an unexpected bill or whatever code they are trying to keep up.

It includes, among other things, a comprehensive map of the Cleveland area, grading each area from A+ down to F, using a consistent, objective and transparent methodology using publicly available data.

Sounds like a comprehensive base