But quite frankly, I am sick and tired of the snake oil salesman and garbage this industry attracts.For starters, wholesaling a property can work to the benefit of all parties involved.  

$18,000 was the amount I wanted the foreclosing "bank" (it was actually an oil company) to pay me as a settlement in order to not contest their redemption rights.  

They have a very compelling chart in their marketing deck that shows oil going from $100 barrel to $50 barrel and the impact on class A apts and class B/C that they own.

Thanks Account Closed @Vikas Raoot, an opinion from an apartment building with the same problem:-adjust closer (in my building they are the commercial type) and the door is heavy and the frame on the outside is metal so that usually means a loud BANG. also may just need some machine oil....

I can navigate these things in your favor.One of my talents is contract mastery which comes from that has come from my background and experience in Oil & Gas.To get comfortable with the contracts your mentors teach you to practice writing and presenting contracts.

Oil based heaters tend to be more robust and can be fixed in expensively.If you can't get a 203(K) loan, run the numbers with hard money until you can refinance in 6 months or so.

I am an agent here in the Houston area and our market is quickly becoming a great time to buy and hold with rentals due to the oil prices and economy.

Tax - 2.6k (6%)Landlord Gas Water Heating - 1.3k (2.9%)Landlord Gas+Oil Heating - 2.8k (6.5%)Landlord Other Utilities - 5.5k (12.6%)Insurance - 1.1k (2.6%)NOI - 11.8kLending costs - 8.6kAs is, cash on cash would be 5.5%Is (eventually) getting 10% cash-on-cash realistic here?  

Hi @Oliver Kuo  I would be happy to discuss opportunities in Houston.

I would have the system pressure tested before you decide to start repairing.We bought a duplex where the bank had let the oil run out and the heating system froze.