I don't know about AZ but up here if you offer it with all mineral rights etc you will definitely spark some " fracking " interest...

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

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

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.

So theres no rushUntil Oil supplys begin to steady themselves I would stay out of Western Canada, I know southern Ontario is starting to see some more growth in our manufacturing since the drop (crazy amount of help wanted signs right now as most factories) but Ontario is tough for cash flow, Eastern Canada I know little about.

It had a very old oil furnace that we threw out.

A few impressions, memories.I recall hustling a bit more to get renters, but luckily my area was tied to oil prices which have been strong till recently.

I am not sure about the furnace, septic system and well and really don't know a whole lot about those sytems, but again should have a better idea once inspected.The $11K in expenses includes $4,600 in tax + $3K in oil + $2500 for insurance + Plowing and landscaping. 

If I am purchasing a property with a underground oil tank in nj and I get the soil tested and the results are clean.  

All vehicles must be both operable and properly licensed.VEHICLE PARKING.Parking on premises is for Tenant only, not guests.Tenant agrees to keep parking spaces clean of oil drippings.