The Texas LLC receives royalties from Texas oil wells.

I don't do 0 down stuff and I am also looking for capital to do some rehab for value add and rent increase.Condo Details:-Current Value $260k-Rent $1875, (Dropped from $2375 from 3 years ago due to oil downturn in Houston)-Mortgage 15yr 3%, total mortgage payment inc HOA/Prop tax $2375-Remaining mortgage balance $130kI acknowledge this is a negative cash flow property. 

Then came the oil crash and IIRC the average house in Houston lost about 1/2 its value between 84-86.

I have been looking into investing into a four plex for some time now yet I keep hearing Alaska is going into a recession due to the oil prices dropping & that I should wait.

In many of my properties I pay the water and to heat it with heating oil.

Came across this article from www.jenman.com.au about "The American Snake-Oil Show" -http://www.jenman.com.au/news_report.php?

A few numbers missing from your calculations that you should consider adding in:-Heat (is it oil, propane, electric?)

Further west, the cost of natural gas is sufficiently less than electricity and oil that it may be more "cost effective" to burn natural gas in the shoulder seasons even if it is less energy efficient.

Therefore, they may be willing to pay $20,000 more for a home than i would, not knowing that the property needs a waterproofing system and mold treatment, or has an underground oil tank, or has termite damage, or ignores the 25 year old roof, water heater, and furnace. 

Without going into the political side of things, I would be nervous if your market was heavy into oil and gas and the related service industries that accompany that.