I think geographical diversification is very prudent for the very reasons stated by @Marco Santarelli .Another reason: natural disasters (which seem to be more frequent nowadays).

Our insurance provider also penalizes us for oil heat.When we are putting together an offer on a property with oil heat, we price in a conversion to either electric (heat pump) or natural gas.That said, we have ended up running a property with oil heat prior to conversion and, while the tenant was responsible for the heating costs, we coordinated the oil delivery - given we received a 5% discount as a result of our affiliation with a local apartment owners association, the Tenants were keen on the arrangement.

I don't want tenants using the attic for storage since this area contains the HVAC, water heater and natural gas lines.

A natural resource boom can be shifted by world/political events, economic changes, environmental considerations, etc.

Bonds, stocks, gas, natural gas, etc.

I generally think that liability protection (in several directions) is a 4-legged stool:- MORE than adequate insurance - Very well managed LLC- Very well-detailed, lawyer approved lease/contracts with all tenants or workers- do everything with integrity to the spirit and letter of the law.

I'm 24, started getting educated financially at 17 and RE seemed like the natural progression.

Being a Red Sox fan I naturally despise the Yankees.

I guess that just goes to show what a country can do when it has natural resources and actually uses them.

I'll make sure that I'm adequately protected with my insurance company.