I invested some money into a friends oil drilling shindig, but have not done much else.Due to Nashville's booming real estate market, I have been surrounded by motivational queues to get my butt into this business.

I currently live in a tiny town Grande Cache, Alberta where I manage an Environmental Contracting company working with First Nations, Oil, Gas, Forestry, Government and all the rest.My real estate experience is fresh at best but I am in a fantastic position to start with a nice piggy bank of life savings in the 10's of thousands, no debt, dual income with my partner and a fairly cheap rental situation at the moment.We have a wonderful opportunity with some land my partner was given on the Ontario, Quebec border aswell as some fantastic waterfront lots we have been looking to buy on West Coast Vancouver Island.

I might hold it a little longer to get some more equity, oil and gas are booming down there, so the values might rise some more.

I realize construction workers are tough on housing, however isn't the goal to lease directly to an oil company and make them wholly responsible for the rent and damage?

I would definitely do your homework and know for sure what the future of the oil field is and that each of the tenants have been paying and paying on time.

A car whose oil gets changed ever 15k miles won't work as well as a car whose oil gets changed every 5k miles, same goes with real estate.

Note: I had MassSave do an assessment, they are going to blow-in insulation in both units, and they mentioned there are rebates on mini-splits, hot water tanks, etc.Unit #1 (Rented until June-2023 w/ Lease) - First floor, 2br, 1ba:Heat: Force air by oil.

My little town has limited opportunities and I worry about having all my eggs in one basket, especially with oil prices still low.

Good luck That analogy is fine unless the the syndication turns out to be a lemon.

Youll have fried oil over the stove all the time at 36", aside from an ugly view.