I called around various RV parks in that area to find out what happens at the end of the oil activity, and no one knows yet.I always remember the ironic antidote of those who got rich in the gold rush, those who sold the shovels.

Ironically, these same lenders have no problem throwing a 30 year mortgage on an STR with no history if its a purchase deal, go figure. 

They know the clock is ticking before the leaks really start up again, and right now the fiberglass is just absorbing moisture.Other high-probability items to take note of: plaster-on-lath construction, knob-and-tube electricity, water supply piping is galvanized steel, gutters are integrated box gutters, DWW is cast iron, the boiler is from the 1950s with huge pipes and a big circulatory pump, the windows are old wood. 

The cast iron needs to be wet and if it's not the sewer gasses corrode the walls of the cast iron.

Wells can go dry without warning, develop iron, sulfur, or contamination problems, etc.

While you can usually flip or remodel a house quicker than build, I still see the greatest returns when you build new.I use a general contractor with some iron clad agreements and indemnifications so the risk is extremely low.

A woman (who ironically was a realtor), was renting my apartment.

Ironic that this could be our "25% return" isn't it?

I find it ironic that the biggest service a realtor could offer me as a home buyer (or investor) is to be straight up honest about neighborhoods, but they are limited as to what they can tell you.  

So that's kinda ironic.