I'll soon be getting into renting (~6 mo) and I've been thinking about how to handle tenants not filling the oil tank.

Another good aspect is this would be about a 2 minute drive from the interstate which is a big deal with so many people living in Bismarck/Mandan and commuting to the oil fields.I realize this is going to be a tight deal because I am financing 100% of this but with all this said, do you think this is a fesable project?

They're not going to let that happen though.I think precious metals and oil could rise more due to further monetary stimulus but.....it all depends on where the economy goes from here.

I would like to put real estate up against oil, unemlpoyment, etc.

Now that many homes here are heated by gas, there is a concern that the previous owner failed to remove or decommission (fill with sand) the ust (underground oil tank) leaving a leaking UST that is contaminating the soil.

. ($5000)Septic/Oil/Well – I don’t know…Mold removal - $1000Miscellaneous – additional 10%Total – around $55k, which seems too high.

The house is 1.25 miles from water (charter fishing/kayaking/beaches) all available year round.

I don't want to rely on that, since I know appraisers in our area have been conservative of late and think this is a good enough deal to burn some more midnight oil on to find other methods of funding.

Or you may need to provide a seller second mortgage, or even a seller first mortgage to the buyer.You have caught a big fish on the line, don't let it get away!

He listed is 5 asset classes that he is currently involved in for this preparation: - Multi-family housing (apartments)- storage units- oil & gas- short terms loans/under a Year- gold & silverNow my question is, When EXACTLY is the right time to begin this preparation, when your finally pretty much done with investing?