But got to know that if oil is found then land can be taken away.

@Alexander Merritt   IMHO low end rentals are only suitable for local investors that are in the landlord business and are going to scale up and own as many as they can get 100's have your own PM and maintenance and that's the ONLY way in my mind that stuff will work over any amount of time.buy the best that you can if your just starting out.

I've seen some businesses that have done this in the past where it was an oil change business and it was converted into a coffee shop or restaurant.

the oil company guy is making a lot of money now and they're traveling 3. there's no correlation between layoff-interest rate and STR booking if you buy in the right place, not in Toledoville.

So stay away from Lee Arnold and his "snake oil business developers".

Do that an at some point you will end up buying a vacant lot that used to have a gas station on it, that still has the old buried leaking tanks and the oil change guys just dumped all their oil changes behind the shop, and you will now be responsible for EPA cleanup to the tune of 100Ks. 

Also important to work with lenders who have a well oiled construction loan administration team.

If not a moisture problem then use shellac or oil based primer.

@Christopher DeAraujo I am in the process of getting out of the business of paying for tenant heating given the volatility of oil prices and having seen 5/20 tenants put their heat up to 78 and keeping their windows open for fresh air when it was -20 degrees outside.

Primer ensures no bleed through and paint can bond properly since you could br going oil/ stain to latex paint