What they can and will do is oil the skqueaky wheel and may do so at any amount financed.Noncompliant lenders need to hope and pray that their deal doesn't blow up.

im just starting out as well, but my full time job is on a drilling crew working in the oil industry.

Brian Hoyt The old school oil Kilz is good stuff.

You will get oil stains here and there over time.

Much faster in my opinion.If the wallpaper is in good condition and not peeling, you can alos paint over it with an oil based paint.

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

I don't expect any major improvements for another 4 years unless oil production drops in the middle east from war or OPEC.Parts of Wyoming will have bad price drops, like Gillette. 

@Jen H.I have had luck putting oil primer on wall paper, followed with latex paint. 

But in terms of market timing the fact that Bakersfield is dependent on oil and ag could make this a great opportunity.  

@Patrick Martone-- Check out Telecom Site Acq, check out large scale PV Development and/or be an Oil & Gas landman for a while.