CA  Sacramento area .. plus got back end equity.. but I had already been a top producing Broker for a decade before they let me work with them. these guys started small doing garden apartments in Sac... 15 years later well over a billion under management .. we had MF  adult care MHP   land developments ( my specialty)    Anyway.. by the time these companies are going they have full on PM  they have 20 employees they have a sales and marketing department that also doubles as customer care.. they had over 5,000 investors.. why I will never personally do this.. is when things changed and the MF started to leak oil and lose value.. it was a nightmare and I watched these guys implode.. so who needs that stress not enough money in the world for me PERSONALLY to take sponsor risk .and last thing i would do is invest with someone with very limited experience in the space.. you have no controls as a limited.and things have peaked a lot in the MF space.. most guys i know that do it have to look at hundreds of deals to get one. do you have the bandwidth to do that.. can a 15k class teach you all of the above. ????

I've heard horror stories of landlords having to pay a tenants electric bill for the year because one light socket ended up under their electrical meter.Further more, the house appears to be heated from one central oil or diesel heater in the basement.Is this a common scenario or does this sound like an expensive disaster?

Remember that "All that glitters is not  gold", "Luck favors the prepared individual" & "There are more than just a few snake oil salespersons and also good folks in the RE and finance world." :-)

I am a field technician in the oil and gas industry. 

The Okanogan makes sense, since Calgary oil money is quiet right now, and Victoria and Nanaimo have always interested me because I suspect that more retirees are heading that way.

I am also an oilfield worker looking for the freedom that real estate can bring, especially in these days of sub $40 oil prices.

Texas is more energy and oil.

Examples of Like-Kind Properties The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing) You can 1031 Exchange between all of these types of real estate.

We've stripped flooring, aired it out, painted the floor with oil-based primer, and the stench keeps coming back.

I worked on Oil Tankers and we had a Chief Engineer 40 years ago, who would give his Agent $5000 to buy one more Rental House in Seattle when he got off each ship.