The Washington State legislature passed the Omnibus Civil Rights Act in 1957, outlawing housing discrimination in home sales while loans from a federal or state agency remained unpaid or while there was commitment for such loans.

I need advice on the best way to get the equity without getting killed in taxes.I have thought getting a loan for the remaining amount that I owe them, but with me not owning it for two years, I'd have to pay capital gains tax when I sell it.The other option is for my parents to sell it and then give me the equity, but they would have to pay a gift tax.  

 $195,000 (Hard Money Loan) - $142,500 = $52,500 remaining on your first Loan.  

you would pay tax on that amount but you'd still shelter the tax on the remaining gain of 40K.  

It just seems like it's usually an incredibly inefficient concept that typically ends in dues increasing higher than inflation, poorly managed budgets and overspending resulting in low reserves, and poor decision making leading to more headache, unhappy members and unstable financial outlook.I definitely learned a lot through living in an association for 11 years but like you, I would never do it again. 

Remains to be seen whether these policies will solve the Portland housing 'crisis,' doubtful.  

It seems like every charge is inflated.

If you want to take out just a $100k loan and finance the other $200k with cash, you can do that, too.What you can't do is use your cash profit for a new property and use the remaining proceeds from the sale to pay off your mortgage - you can't sell a $300k property (with $170k of debt) and exchange it for a $110k property with zero debt.

I plan on selling the remaining lots before the end of the year. 

@Alex Hostetler Did your contract state that the unit would remain vacant upon sale?