Diversification is good; remember when Houston looked so great before oil prices tanked?    

I've been involved in Real Estate as a licensed Easement/Right-of-Way Agent for the last 9 years working as a contractor in the oil & gas industry negotiating and acquiring pipeline easements.

You are probably thinking because the price of oil; that i'm looking for new source of income but, I am actually making more money than I ever have since I started.

There is a real estate market just 3 hours from my area of Salt Lake City, Utah that is in a price-drop free-fall because it is tied to the oil industry.

With the oil slump in Texas and stock market ups and downs, is it a good time to purchase a rental home?  

It's in an area with a lot of transient oil refinery workers, they are often well paid but only needed for 6-9 months.

hello out there, my name is Dwane  I am new to investing and would like to do some listening   I have been in the North Dakota oil fields for the past four years  I (or my wife) bought our first rental last year  we (or she) also flipped one  we were lucky on both deals.  

There is an oil tank in the basement that looks like it may have had a slight leak in the past.  

They are moving 1/1 onward.Others depend on school years, seasonal changes, and local (oil patch, harvest, etc.)  

Yes, Houston is and will be impacted w/oil down for the time being but this is not so directly impacting areas like Austin and SA IMO.