Yet how much the math stays the same.ChristopherShe is referring to a remote area of UT that is currently depressed by low oil prices.

In my case there was a 550 gallon tank buried and it still had 350 gallons of oil in it.  

So if a novice investor over pays or buys a lemon, no amount of mentoring or advice will help them recover.

mindy i am in houston for the last 8 years. i can tell you this much... pre-harvey we had arguably some of the most overvalued real estate... post harvey we will see a lot of communities simply not get rebuilt.there is actually a lot of rental capacity in houston so i dont think its a similar situation to what NOLA had and comparisons in recent history are going to be hard to find.in the short term , people are still gutting houses... actually theres a shortage of drywall in some of the suburbslabor is also in shortage... but i think theres a lot of people laid off from oil and gas from the last downturn that will welcome the work with open arms.... but the problem is some of these floodway communitites simply wont come back.there is no good solution to the problem houston has at this point without MASSIVE infrastructure development and buying properties in floodways with eminent domain (which i am sure many will be happy to have happen to their flooded house)ive personally talked to 3 diff people that said they are planning on taking insurance money  and fire selling house the first chance they get.  

Rootin for ya to be able to move on from this project, and I'm sure you guys will turn this lemon into lemonade.

The downstairs unit is currently on oil and the system is currently functioning but the tank has corrosion and the furnace is in rough shape.

Around here if they qualify they can get $500 worth of oil for free.

I'll give you some geography afterward.)Lakewood, Lower Greenville, Old East Dallas, Swiss Ave Historic Area, Munger Place, M Streets, SMU area (University Park, Park Cities, McKinney Ave area), Oak LawnOf those areas, Lakewood, parts of M Streets, Lower Greenville, SMU & Oak Lawn have the best walkability.That pretty much means you're going to look in the general area of East of Lemon Ave, South of Northwest Hwy, North of Gaston (definitely north of I-30!!!)

From my perspective, Edmond seemed to suffer more than others from the falling oil prices in 2015.

My first real estate deal was in Alief, Texas.Back in, I think around the 1986-87 real estate, oil crisis "bust combo"A three year old US Home condo, yeah I remember on Turtlewood Court, originally worth about $40,000 and the real estate agent begged me to "put in an offer".