I'd like to convert the basement to an apartment for my aging father but concerned about the costs. 

I recently contracted a landscaping company to do a complete overhaul at my rental. Today, the tenant contacts me unhappy that they were using Round-Up as it contains glyphosate. Trying to reassure her, I sent her lin...

Certainly the quality and age of system also makes a difference.

HELOC's dont usually require cash reserves but there are some HELOC's that do.2) personal preference and goals - "begin with the end in mind,"3) active income versus passive income - the age old debate - again tend to your personal situation you know best what you need short term and long term.

Welcome Deja - the cash reserves you will want on hand will vary drastically with the property age/condition.

I have to check on roof age and age of water heaters and aircos.  

Could be at 5 though depending on ages of major systems.

I am following this discussion: an aging population means greater need for cemeteries or cremation gardens.Looks like there is also a business of buying and selling burial plots. https://www.moneysense.ca/spend/real-estate/selling/how-to-make-a-killing-selling-burial-plots/

@Eric Carr All of the above, every house is a different style and the age range of the homes is pretty wide. 

I adjust the capex to match the age of the house and the age of the major components.