I am currently paying for the electricity, water, and :gasp: oil heating for both units.

Then treat the subfloor with an oil based primer such as Zinser or Kilz.

What I don't get is why we pay $4 dollars per gallon but sell you all the oil you need and you only pay $3 per gallon.

Of course there is an oil boom there.  

TX is booming, oil, technology, healthcare and massive population growth here!

This building will be worth 300k when oil comes back up but I know it's all about what I can do today not when ever oil decides to come back ha ha. 

@David Holt @Sam Craven I am moving back to Houston this summer (lived there from 2010-2012) I recently quit my job in oil & gas to focus full time on my real estate investing. 

Investing in OZ funds or in oil and gas are other options as well.

I know you're taught to generally buy based on in place rents, but real solid market knowledge can make you comfortable with deviating from that rule in certain situations.I would underwrite your deals with 1 month vacancy, $700-1000 per unit in repairs and capex, 10% management, and accurate taxes, $375 per unit for trash annually, $75 per unit rental fee annually, $20 per month for common area electric, $800 per unit if you pay gas heat and hot water, $1400 per unit if you pay oil heat and hot water for tenants

However as of yesterday, the tech showed me the oil leaking off the coils.