Still I agree, no reason to cave on this or anything.Vaping leaves the resulting oil behind in which case can develop into what’s called “ popcorn lung”  in a person from it being trapped in their lungs . that residue in the air is sticky and gets all over the place and of coarse the hazards of a potential  fire .

Only thing I would say though is don't focus too early, meaning know whats out there, question a lot of things and  know why you are focusing on say large Multi-family vs oil and minerals.

However, the drillers hit oil nearby. 

I am currently a full-time engineer with an oil and gas company in Corpus Christi, TX.

You are always going to have holding costs (electric, oil/gas, water, etc...).

Is the oil industry still booming out there?

My Lakewood property was a huge mistake on the acquisition side thanks to my inexperience and a snake-oil-salesman-RE-agent pushing for a commission, but because the property was in such bad shape I was able to still come out with $40k in equity from acquisition. 

Ready for a second deal, I have come across a private sell in a slightly sub-par area of town (I would guess C to C- neighborhood) close to the older down town/industrial district (I live in Hobbs, NM, an oil and gas town hugging the west Texas border).

They scanned the sidewalk, backyard, and checked the basement and outside around the house for signs of oil piping.

As to "(if) we don't run out of water" I'm betting that one of two things will happen sometime in the future, 1) it will be decided to pipe the Columbia river from Washington the way oil is currently being piped across continents, or 2) a process will be developed to desalinate seawater cheaply or a process will be developed to bring moisture out of the air which can currently be done on a small scale.