The first floor unit had oil heat and I wanted to change it to gas.

@Ethan HanesIf I listened to everyone who told me I couldn't do something, I'd still be welding on the oil rigs in Saskatchewan, Canada. 

@Onaney Barrino Looks like youve got a lemon, or maybe a diamond in the rough. 

This can be done either by buying into a syndication that is utilizing 50% leverage, or buy property yourself and obtain a loan at 50% LTV.Since you now have the benefit of owning real property valued at twice your note investments, you should have your entire note and property portfolio hedged for inflation 100% - at least theoretically.Comparing mortgage note investing and investing in real estate equity is not going to be any different that comparing investing in art and investing in oil; the only relationship is that one is real property and the other is secured by real property.

In looking at the property, there was an inspection sticker showing failure due to leaked oil tank.I'd be open to chatting with you if you need to understand the basics of "putting a house back together" after its been gutted.Good luck.

I’m not sure where you are located or how much heat you use but I was spending about $15,000/year in heating oil and my tenants were keeping the heat on 78 degrees in -25 degree weather with their windows open in this one building.

Oil and gas is wildly unpredictable and since coal went belly up, oil and gas is the only major employer in the town.

There is an old saying (sometimes the juice isn't worth the squeeze), especially if the lemon is bad.Sometimes the experience gained in and of itself is what holds the most value. 

They speculate itll return to 6% this winter but that info wont come out til 2024 you need to tag @James Hamling , he is so hilarious with how SPR oil reserves declines and oil is still three-bucks-something lol.

I know certain neighborhoods these railing are all over, but I still think better renters might be interested in the place with the metal.I'd put in a hose holder--go ahead wash your car, and have the broken concrete repaired (for the same reason as the railing), even though you could probably get 25 more years of use out of it.Don't get me wrong, I think it looks like a money maker as is, but if it were in my portfolio, I would "snaz it up" a little, hoping for a better renter.And have a service get rid of those oil spots on every turn.Good Luck!