If tenants get a $400 winter electric bill for a 1 bed apt, they will move out after one winter to a cheaper place.We've separated heat in many building to have tenants pay.My first choice is gas hot air, possible with central air if the building can afford that.My second choice is anything else driven by gasMy third choice is heat pumpMy next choice is everything else.Old buildings have old windows, little to no insulation and need efficiency of heat, no oil, no electric heat.

He also stated that the oil sector is adding jobs.  

While I was working in Oil & Gas in west Texas (Midland) in 2016, I noticed the margins were disappearing in DFW and found better returns in places other than DFW.

Account Closed down played a large deployment, but large deployments can and do happen, oil fields can and do crash with the oil market, automotive manufacturing can and does crash with changes in demand.

Last November and December was challenging as we received over 6' of snow (a record for the area)  As I'm sure other members will comment, We are right in the oil and gas industry and it affects our real estate value significantly.  

It will be interesting to see if the lower oil prices will lead to layoffs and if those layoffs will affect the local housing market.  

sure someone savvy could trade oil futures maybe.  

In my inbox for alert on Greeley and I was offering on a short sale lead I got and estimating repairs on it in Wellington and I stopped to check out a house with papers posted and it was a notice from you as realtor doing an eviction on an REO.Good stuff on the rational for ARM's a guy that lives on my street and has about 25 sfr's swears by ARM's because of what you said and in his investing lifetime interest rates have been mostly going down.I went to the CSU Everitt Center Real Estate market prediction last night and they are real big on Greeley over the next 3-5yrs to continue appreciation and growth with oil and gas, business friendly and going over 100,000 population in about 2 years putting on the map for larger national developers and business'.Time for me to make some more offers and get some more rentals.

The furnace, oil tanks and windows were all done about 10 years ago.

I am gearing up to purchase my first rental property and I have a question regarding the best way to setup my business.I am partnering with two college buddies of mine (one lives in Seattle, the other is temporarily living in North Dakota working for a big oil and gas company).