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.

Repairs do not have to recapture when you sell the house too.)16) Utilities17) Pre-rental expenses ( expenses incurred before finding a tenant )18) If you use your Car: This can include- oil changes, Maintenance, gas, repairs, parking, tolls, and depreciation.

He asked to be reimbursed for the remaining oil that he had paid to put in the tank.   

Stay with oil,  replace the tanks and the oil furnaces with new tanks and units.2.

I can't speak to many other cities but Calgary is in a state of cooling after oil took a tumble. 

3) It has oil heat boiler that needs to be replaced.

Tax adjustments, water adjustments, oil adjustments (if applicable), attorney fees (if attorney state), transfer tax (if state requires), concessions can happen sometimes.