I live in Midland TX which is dominated by the oil and gas industry and contemplated on purchasing a house or building a duplex to rent to a oilfield company.

With $600k, I'd be more interested in gas and oil mineral rights and/or a syndication.

@Nicholas AiolaAre there any real estate crowdfunding platforms that allow you to deduct your investment against active income (similar to oil/gas)?

The scammer then ask me if I'll pay him a few hundred to go away, but I told them, shouldn't done that before you got the lawyer, but you now have to deal with insurance.My wife had a younger sister killed by an oil company truck of a major oil company running a red light.

If you were burning fuel oil or coal or something like that stainless steel would be required but for natural gas you can use either material.

Under the lower level is a walk in basement with the furnace and oil tank.

On that note, some may see home prices as too rich, may be be moving in a few years, or in a cyclical job (oil, some types of construction, etc), so they don't take the plunge on a purchase...Best of luck!

Schooling in my town is amazing, so there is no issue with that.Transportation to NYC is literally 2 minutes on every corner to the bus, so that isn't an issue.Additionally, I was told that I should stay away from homes with oil tanks for heating because if the oil tank was to leak, the soil would be contaminated and it would cause a big headache and a big whole in my wallet.

I've been a Project Manager in the Oil and Gas market for over a decade.

Before him, there were very few conventions in refining oil profitably, but he grabbed the reigns of Standard Oil, and the rest is history.