.- 5 year tenant-Utilities: All tenants pay their own utilities (Gas, oil, heat...not water)-Water Bill: $650/Quarterly- Paid by owner (me)- $2600/yr-Taxes: $1700/Quarterly- $6800/yr-Home Insurance: $2150/year-Flood insurance (needed): $2001/year-New roof 2013-New hot water heaters-New electrical-Mortgage info: -Purchase price: $770,000 -20% down: $154,000-30 year fixed @ 3.708% (**Current level)-Total mortgage payment (including taxes, ins, etc)= $4,004.24/Month-Total income from rent= $4,930.00-Cash flow: $925.76/month 

I just bought one around the corner from my personal home here in Lake Oswego... sits within 3 houses of million dollar homes.. just got a bid for 33k to clean it up.. now that include demo of structure and asbestos and lead remediation .. and there is no oil tank. 

For NC residents looking for crowdfunding (CF) opportunities, the NC Secretary of State's office has forms, instructions, and FAQs for you to get on board with NC crowdfunding.Anyone knowing my posts on this topic (historic post speaking) knows that I think CF and real estate investing are like oil and water.

If oil starts any kind of a pickup, this could turbo charge the area even more.  

I grew up on a farm and looked into it some a while back, basically it doesn't make a whole lot of sense from an investment standpoint unless you personally have some project where you can generate much higher yields than normal from it (like a pumpkin farm or something, or oil wells, lol). 

They are looking to sign leases with oil companies for their workers to reside in the mini-motel.

Many of them have fed the beast well and their interest pays their minimums each year so it's a well oiled machine.Indexed Universal Life is my favorite insurance option with pretty low risk and IRRs around 5-7% depending on time horizon.Pros: Tax deferred growth of cash value, no contribution limit, exposure to stock market indices, lower risk than stock market, etcCons: returns trail the index, may pay lower returns in a poor stock market environment, depending on your situation the total costs paid may net less long-term benefits versus other insurance and separate investing alternatives.

@Trevor Aydelott Elk City is heavily reliant on the oil industry for its economic life blood, and tends to boom and bust along with it.

Well Brent I'll have to admit that this was the cheapest house I've bought since the oil price induced crash of the mid '80s.

I'm no expert in that field.The broker's comment "carpet & paint" is like a used car saleman saying "Tires and oil change."