I read a lot of stuff about using oil vs latex and not being able to come to a solid conclusion was one of the several reasons I just replaced the siding.

OK - here we go...Was an assisted living facility (my great aunt died there last year :(The corporation had it listed for $249k - trying to sell it as an assisted living facility shell.Reduced the listing price to $149k.I offer $139k this morning.

I like Florida because I have a self storage facility there where the occupancy improves when houses are selling.

Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.

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?

I did purchase 154 unit apartment building in Texas and also the 550 unit self storage facility in Florida.

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.