Can you define the condo you are thinking about because there are already many condos in the area under 160k with low HOA. 1 bedrooms in condo conversions mostly.
It sounds like the margin for error you have is pretty tight on a few fronts. That complicates the thought process a bit(as you know.I think a little more patience won’t hurt.Maybe a year.
Anyway I think it would help the discussion if you post the parameters you have for the unit you have in mind.
