The Bakken is the biggest oil reserve found in the last 40 years and ND will soon be #2 on the list of oil producing states.

well it used to have income producing,,,not anymore,,but doesnt cost me anything either,,,guy living there pays all costs including taxes.

The income produced from the asset alone will not be enough.This of course assumes we are speaking about traditional financing and not any creative strategies.

They could be as rentals or rent to own or even owner financing which will produce a continuous income which goes along with your growing reputation in that town as the one to come to for your resonably priced homes.The mindset of the small towns are what you must get past.

But every time any body produces a meaningful set of data, its been borne out.

The property is not producing that itself.

"/s/ John Chapman") I suppose there is some sort of minor risk that at some point it could all go south and they could deny it's their signature during an eviction procedure or something.

While I agree you can look at if from the perspective of could you buy less expensive better cash flowing properties that would produce better roi and you might be able to and for some that might be the best thing to do.

Don’ forget protecting the way you produce income from garnishments for the rest of your live is an asset, whether that be SP or distributions from a LLC, not just tangibles or property.

IF on the other hand you INTEND to grow a PORTFOLIO of many income producing properties then I have news for you: It is a BUSINESS.