Other factors, like title issues, environmental issues (asbestos, oil tanks, etc) can hinder the process.

Now if the economy weakens -- as we are starting to see here in Alberta with the drop in oil prices -- then sure, we could see that reflected in real estate prices.

The only thing I'm not crazy about is that the heat is not paid by the tenants (everything else is though) and it's oil heat.

In my city, everything is extremely reliant on oil prices.

With the crash of oil im looking at new ventures.

Houston economy is more diversified than it used to be in the 80s, when oil price crashed.

I really don;t care how many calls I get as a long as the ones I do get are deals.I'm middle aged and looking to retire from traveling in the oil and gas industry so I'm doing the BRRRR method.

I have heard some rumblings about the markets in areas that have recently been impacted by oil are doing well.

Graduated last August with Finance Degree and went into oil and gas.  

Here's a snippet about this subject I wrote some time ago: Two-family owner occupied Rental income from 2 BR: $650 per month or $7,800 per yearTenant pays electric, you pay heat, water, and sewer.Expenses: 8% each for vacancy, repairs and management (even if self-managed) Vacancy$593 (based on national avg 8%)Repairs$593 (based on national avg 8%)Management$593 (based on national avg 8%)Capex reserve$390 (5% set aside for "big" repairs like roof, heating system, etc.)Sewer & Water$520 (avg for area)Oil$2,800 (avg for area)Insurance$700 (avg for area)Taxes$1,750 (avg for area)Mortgage$3,891Total Expenses$11,830Cash flow negative $4,030 per year or -$335.83 per month So your total out of pocket for housing expense is about $350 a month.