However, after 37 years in the oil and gas industry, I have reached that stage in life when I would like to do what I want to do, and not what I have to do, enjoy my family more, as well as have the freedom to leave a job, and start doing something different.There are different ways to invest in Real Estate, and I have to learn what better fits me at this time in my life and my finances.

The hard part is finding buyers willing to participate in a 90 fishing expedition while the listing agent tries to figure out what the bank is going to take for the property.

Buying a house for 200 k and selling it for 1 million is not illegal as long you are not making false claims,it is sitting on a oil field,the city is going to buy it for 2 million As long as the person has the capacity to enter into a contract without ,mental illness, intimation etc it is perfectly legal.Poor judgment or sour grapes about a purchase can lend itself to lawsuits,but the fact is this is the way the market works .

Annual Operating Expenses Real Estate Taxes $14,650.00 Insurance $6,874.00 Water and Sewer $18,171.00 Snow Removal $0.00 Trash Removal (ROT $60 x 12) $3,768.00 Electric $10,594.00 Gas $9,803.00 Oil $0.00 Legal (rule of thumb) $500.00 Management Fees 10% $0.00 Repairs and Maintenance $49,329.00 Other (Turn Costs + Onsite) $41,222.00 Other (Onsite Manager) $24,000.00 Total Annual Operating Expense $178,911.00 I'm thinking this is a pretty easy fix.

You might bump into some money guys there, know they aren't "private lenders" they are hard money lenders fishing in the waters.You'll also find leaches there, (not a derogatory term) it's very acceptable practice in RE for an experienced person to team up with inexperienced players to get a deal done, these experienced types just leach onto newbies and work deals, there are some who do nothing but leach deals providing themselves with more opportunities with less effort.

The Kitchen sink has not been working for about two months now , and I wanted to know am I responsible for paying for oil to get the heat in the house working or the landlord.?

welcome .lots of fishes in the sea.

You should check out Paper Source at http://papersourceonline.com/the-complete-package/ for some basic training, although you should also start networking since the relationships really keep this business well oiled. 

A day before the closing I wanted to have the exterior oil tank removed because I was afraid it could have been leaking which means the fines would be tremendous and I could pretty much be charged a minimum $20,000 just for having this leak on my property (This is what I was told by the inspector) The seller dropped the total cost of the property by $3,000 in order to continue with the sale about 3 hours before the scheduled closing.

If so, then you will need to fill the cracks with an oil-based caulk or concrete filler (oil-based caulk is cheaper ;-) ).