Planning to buy and hold and though cash flow is healthy i think it can be further improved by converting to gas heat and submetering it, as oil seems to be the biggest operational expense aside from taxes.

This is primarily due to the low oil prices at the moment.

Forget real estate if you want that type of risk/reward situation buy some shares in a junior oil or mining stock.  

Please roast me if you think I’m way off(I’m the young eager lad) -Talk to people who own and invest in apartments(I.e. phone call, take them to dinner, meet on bp)-find a market to start looking in-decide wether or not if I want or need a partner- find a commercial agent-decide my price range and asset class -Narrow down what I’m looking forHow many units Repairs Cap x and if I can lower the costs Possible forced appreciation.

My wife’s clinic will occupy 1200 sqft and I want to lease the other 1200 sqft to an oil company that is ready to sign a 2 year lease (they currently occupy another 1200 sqft unit within the complex).Asking price is $150/sqft, totaling 360K.

He was a slimy snake oil salesman in the oilfield.

Later, you find out they used your living room to change their Harley oil.

One of the other grad students in the department was the daughter of an oil sheik.

That market lives and dies on Oil & Gas and that industry is pretty uncertain at the moment.

I am sure there are folks on here that will roast me for what I am about to say and tell me it was a mistake but a person armed with experience is not at the mercy of a person armed with an opinion in a debate.I cashed out my 401k and took a total of 30% hit when I did it.