I really can't speak intelligently enough about TX to share my long term outlook on it's job growth, continued population increase, and all that, but it is my understanding that the recent upswing in TX is NOT just OIL, like it used to be..

There are no better ways to obtain an owner occupied property and have them renovated to suit your taste for as little out of pocket as those two products.I'm certain you did a great job running an oil and gas crew to code and I bet it was on time and under budget or even done faster than expected and under budget, but that doesn't mean a lender is going to trust you to run a renovation crew.  

A good set of processes, standard operating procedures (SOP's), and policies can be the difference between a successful, well-oiled machine type of organization and a chaotic, inconsistent, and frustrating one.Their concept of "McDonaldizing" your operation is exactly right.

There is clear evidence of oil tanks previously being present.

Add in the underground oil tank and what looked like a $40-50k rehab probably would have been significantly more.There is a learning curve to walking a house and knowing costs to rehab, but it's all part of the game.

This is what I do and it works like a well oiled machine (I own property and also manage property):-You show it ONCE per week between a one hour window.

Underground heating oil tanks were sometimes used too.Keep doing your homework and know of all of the potential pitfalls.

The listing states the property uses an in ground oil tank.

I currently live and work in Houston, TX (I'm an engineer for an oil company) with plans to return home to ND in the next couple of years.

The Heating was changed from oil to gas, so a new furnace was put in for the 2nd unit along with a new water heater.