If it's in an area that I (and/or my property manager that I trust) don't feel comfortable managing it then it's a deal breaker.Rent Control - (state / city specific) - there are ways to work with it (e.g. increase rent due to hardship) - that can be fixed.House condition - roof leaking, oil tank, house needs renovation - again, that can be fixed.Neighborhood - you can't really fix it by yourself, so either it's already a YES or a NO as-is. 

is anyone worried about buying in OKC right now because of oil prices and layoffs in oil related companies?

They didn't have enough money for oil one year, so they cannibalized the staircase, railing, trim, doors, etc to burn for heat. 

Partnership + condo + frothy market + falling oil prices + Houston?  

Boiler Issue - The property uses oil fired water baseboard heating for all units (fuel paid by owner). 

People wonder how oil prices will affect our market in SA as well.

There are plenty of folks on the forums who are anti-turnkey, but you also want to evaluate it from several positions:1) You have a W2 job and don't plan to quit it to do full time real estate.2) You have no connections whatsoever in a marketplace that you like.3) You want to avoid the cost and time overhead of linking all the pieces together.Well oiled turnkey operations do make their money up front.

A serious investor wouldn't blink at $100 but a family buying their first house in this type of market will be told by their own agent "to appear competitive you will need to offer over asking, provide at least 1% earnest money, and pay a decent option fee with a short inspection period etc" If that isn't bad enough, this family will pay for an inspection only to discover the house is a lemon and be out nearly $500 and back to square 1.

I could change my oil and do all of the basic maintenance on my car as well, I just prefer to pay someone to have it done right the first time.That's just my $0.02, I've seen good and bad experiences, go with your gut and let us know how it goes!

A huge oil deposit was discovered nearby.