I am assuming they have all of the expertise and items needed to convert this to burial ground if they needed to.

To be rented for November 1st at $825 per month (have tenants already waiting).Capital expenditures planned for 2014: In late March early April I plan to change the siding on the house to vinyl, and in May/June add central air.

Look at how well the HOA is run, how frequently they have increased HOA fees, when where the last capital expenditures & do they have good reserves for upcoming CapEx.

He says 9 to 5ers pay the gov first in taxes and they get whatever is left over BUT business owners get to pay themselves first and the gov gets whatever is left through labeling vacation trips, outings, etc as company expenditures.

However, as you make capital expenditures (e.g., a new roof) you'll find you cannot deduct that cost in the year you spend the money.

As for financing these expenditures, if you are going fha, look into a 203k loan for your rehab needs, it blankets the approved expenditures into the mortgage total, however I believe this does stipulate you have to hire out and can't have any of the work done yourself or friends etc...

Do you feel that cremation is the better choice than burial?

(She had enough income to qualify on her own.)I wound up going over the $5,000 initial rehab in additional expenditures because I decided to replace the garage door opener, and put new siding on the house instead of having it painted. 

@David LeeI think what you are referring to is that this site teaches that you can't overlook intermittent expenses (such as maintenance, capital expenditures, vacancy) when calculating cash flow.

Here are my expense's:$183 property taxes$55 Insurance$340 mortgage$84 Repairs$120 Management$85 cap expenditures$120 Vacancy RateSo $987 every month in expenses.