Many people get that designation, but you won’t be able to if you’re a high earning W-2 employee for the most part.Though I don’t like oil and gas investing, I believe the losses in that arena can offset W-2 income.

An extra payment every year will shave 7 years off.

Too much risk for a 20-50yr lease/project life.We have similar issues here in West TX where the minerals are almost always severed from the surface estates and oil and gas development is constant.

And you've got to pay attention to those types of catches so to speak this business has been around for many years and at the end of the day those types of things are few and far between so you got to be careful of who the snake oil salesman or saleswoman is as a general rule these types of strategies are out there can be executed and done.So i'm not saying they can't be done it's just that they're few and far between for the average joe out there so the options out there are go with traditional type of financing i.e fannie mae freddie mac fha your normal mortgage lending and financing right that's one avenue where you're going to get your lowest interest rate with your least amount of money.

It's also not new remember my Dad dealing with material price escalations in the early 2000's due to oil pricing.

I would ask the owner for the age of the roof, age of utilities (water heater, boiler/oil tank), and ask if/when the most recent upgrades were made to the property.Of course, take the responses with a grain of salt.

And this is why I chose to work with you while we both burn the midnight oil!

During review attorney passed along that a there's a decommissioned underground oil tank, I saw reports/permits from state of that.

Specs on this house:  4 bed, 2 bath, "ugly" house, decent condition, needed new roof, we subsequently discovered a previously abandoned oil tank which seller had to remove.   

You have a great philosophy in regards to paying to learn as much as you can.In 1972 I paid $6,000 to go to a one-day seminar and everyone said I was crazy, but I learned many things that day that stuck in my head and many of those things helped helped me to make my business much more successful.I wrote what I did because I'm burned out from going to too many real estate club meetings where they bring in snake oil salesment, but I should have stated that there are some legitimate companies.