I am about to close a property; however, my attorney found there is a oil tank under the property, which had been filled sand back to 2006.  

We saw this in Houston when oil fell from $100 to $50.  

I think it is too late to buy oil futures.

Yes, oil is taking its toll and the dollar once the strongest currency in the world, is taking a beating.

Is it owned by a major oil company, or by a mom and pop?  

All you have to tell someone in TX (oil country) that I have a 2300 sq house built in 2000 and my electric bill in the summer is $50.

That area was lacking housing due to the oil and gas boom a few years ago.

Once I'm done piling up money to buy rental properties, I'll get a boat and we could go fish the Oil Rigs about 50 miles offshore.

They are just looking to diversify their wealth and/or create another stream of income for themselves.With that being said, I do agree that the mentors and gurus online are selling snake oil when they make it sound like active real estate investing can be a passive source of income.

We moved office locations from a single-family house in the suburbs of Martinez, GA to an iconic building on 1918 Central Avenue, a former Pure Oil gas station designed to look like an English Tudor cottage.