The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

Since 1925 though the oil industry has moved on from this area and drilling isn't common here.

But I would take hard assets(gold, silver, precious metals, natural resources ala oil/gas, spice mines, etc....) over soft assets.

That said, I'm either missing something or this is another snake oil scheme.

We had a pretty nasty cat pea cottage, stripped lots of drywall ended up spraying about 10 gallons Kilz oil throughout. 

You're just fishing for situations to get a deal.

Hot water heater, furnace, gas, electrical box, HVAC, oil tank, plumbing pipes.

I remember when I was starting out, feeling a bit like a fish out of water at my first meetup.

Look at any farming family and most have left the industry...same for fishing, timber etc. 

I have a lot I have purchased in Cancun and am needing to submit plans for the construction of the home itself fairly soon and am like a fish out of water.