If you are in a townhome, you might have a walkout basement to the backyard?

Shallow vertical oil wells can have pretty small pads, while some deep horizontal wells with multiple holes can have some probably 10 acres.Minerals are superior to the land, so while not all that common, so someone who just holds the land, but does not have a good surface rights agreement could find a drilling rig in their backyard. 

BP is a great place to learn and connect with fellow investors.If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.

Quote from @Erik Estrada: There are a very small pool of lenders okay with a PadSplit.

The window has to be big enough to climb out of and there needs to be a ladder to climb up from there or else it will not be legal and you could be liable in case of injury or death.If the basement has a walkout to the backyard on the same level that can work, but most will rise and fall by the above.

These days, even properties with nice amenities like pools need to go the extra mile to capture attention and bookings.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

For backyard, front yard - I use BLINK.

Some things to be aware of are fire insurance and how it affects your buying pool.

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.