The association threatened me in the email that if they get fined, it will goes to my assessment.

Jake Kucheck I sit on a couple different Board of Directors (BoD) and in Illinois, we put liens on condo units for non payment of assessments.

While reading J Scott's assessment, which I agree, I thought it might be interesting to know more about the study and others.

The information you provided will really help me when assessing this property.

You are going to have vacancy, maintenance, capital expenditures, special assessments and various other expenses that are going to eat into the $300/month cashflow.You absolutely can refuse to rent to someone based on the results of your background check/credit history/salary, etc.

A place to start is to look at your own level of sophistication regarding the purchase and ownership of real estate investments.Next, assess your financial abilities to raise funds for the down payment and your ability to either qualify for financing or raise funds by some other means.If you have a specific question I am sure there are lots of people here willing and able to help you get your start.

Does anyone have any experience with the for-profit side of burying people and how to assess how much profit is in one piece of land for these folks?

I completely agree with your assessment of depreciation but in does help your bottom line so I added it to the list.As far as amortization is concerned before you have recouped your initial down payment minus opportunity cost it is considered a return of investment (as opposed to a return on investment or a return of principle).

Have your appraisals for loans come out close to the tax assessments?

This will put that workflow, of getting the documents, through on Seller's since they would be the member I would assume or their agent.There is a portion of the bill which cleans up some of what the previous Florida condo bill did, cleaning up the language around HOA owning a parcel but not being liable for past due assessments.