It's not uncommon for houses here in Connecticut to have oil fired boilers / furnaces so when you begin looking at properties, keep an eye for that, as tenants will shy away from those units.

Why chase one of the lemons and try to make it work? 

@David Hertz I’m switching oil over to propane to do just this.

Depending on your numbers it could have a pretty short payoff.At a 2 unit building with a single gas boiler, we were paying about $3,600 for oil which included heat and domestic hot water, so it ran 365 days a year.

(profitability issues within carriers, we are not drilling for oil as much and oil goes into EVERYTHING in a house so the costs are higher, and for some reason people across the US are filing more petty claims most likely due to the economic issues and majority of people do not have cash on hand for medium sized claims etc.) 

I wouldn’t be loosing money unless it turns into some crazy lemon house with endless out of the ordinary repairs. 

Remember Texas had a huge issue with the S&L crisis /oil shock in the 80's. 

Maybe it’s just me because I’m new to real estate but I’m coming from a financial markets background and I have to be honest: folks in real estate seem to think they’re immune to market economics to a much greater extent than I’ve seen in any other sector (including oil and how’s THAT working out for them?

My opinion is When it comes to hardwood floors it’s better to sand them and oil based poly them than shell out money on vinyl plank flooring or carpet . 

Here's the breakdown of why it made so much sense for us to own versus rent: Monthly Rental Expenses: ◼ Single-family Rent Expense: $3,700◼ Electric $175◼ Oil Heat $200◼ Cable $100Total Monthly ExpenseMonthly Home Expenses: $4,175◼ Principal & Interest: $2,950.29◼ Mortgage Insurance: $112.22◼ Taxes & Home Insurance: $512.84◼ Electric Bill: $75◼ Cable: $100◼ Gas Bill: $35◼ Water & Sewer $50Total Monthly Expenses: $3,835.35 How did you find this deal and how did you negotiate it?