After a Dave Ramsey "moment" I have found myself debt free, 39 years old, in a rental (as I haven't fount the right deal on the home and property I want to own) since selling my last home.I'm in an area that has EXPLODED in value due to recent oil field activity and a shortage of homes for sale, much less for rent.My initial thought was to continue looking for that 50 - 100 acre property to build a home on so that I can leave my kids that "legacy" that many of us in Texas dream of.My thought process has changed as I can't afford it in this area and school district anymore.I'm considering buying 10-15 unrestricted acres and buying a mid sized mobile home to live in for 2 years while continuing to save for that bigger property and modest country home to live in.I'm watching single wides on 1 acre rent for $1500 per month in this area and double wides rent for $2,000 + while larger stick built homes rent for $4,000-$5,000 per month as the oil field workers will "split" a 4 bedroom home at $1,000 per month each without batting an eye.My thought is to buy this property, put the double wide on it, live in it for a couple of years while adding a single wide rental or 2 per year in the process.This oil activity (The Eagle Ford Shale) is expected to be a "20 year play".I can pay cash for the property, as a conventional mortgage would likely prevent me from "splitting" the property into 1/2 -1 acre tracts with mobile homes if I wanted to.My thought is that if I can buy this property at $10,000 an acre, put a used yet remodeled double wide on it for $60,000 - $70,000 to live in temporarily while adding a few $25,000 (after utilities, septic, pads and driveways) single wides that would rent for even $1200 per month I could fund and cash flow my goal of that 50-100 acre "home stead".Have I lost my mind?

Converting it to oil heat is out of the question due to the cost of it. 

HiWhat would be a good estimate to remove an in ground oil tank and replace it with gas?

Just FYI the properties I'm talking about will be in the shale oil field boom areas that are just getting ready to start up.

In conversations I've had with the great agent @Sharon Tzib, my perspective is that we won't see a precipitous drop due to the oil industry because we don't have insane lending going just yet but we have a slow-down in the real estate market.

As we were rolling on the primer with a roller, the nicotine oil was oozing through.  

(That one was for a tenant spilling hot oil on her foot while deep frying chicken. 

3) Medium grey wood-grained Waterproof vinyl flooring (WVF) throughout, with brushed nickel light fixtures and hardware, or Coffee wood-grained WVF with Oil-rubbed bronze light fixtures and hardware4) Keep the master-bath shower as it is, which is a medium blue fiberglass, and just replace the door with a modern one and trim in some coordinating hardware and glass tile, or totally tear out the shower?

I know there are probably better house hacking deals if we looked further out in Newark, Rutherford etc. but the other half needs to be closer to the city with her work.1 big downside, there is currently an oil tank that provides the heat/hot water to the entire building, I'm trying to see if the seller is willing to remove prior to closing (I'm aware of the environmental disaster issue).1) Assuming we need to stay this close to the city, does this look like a good first time deal?

I have already chosen a career and am employed at an oil refinery in Philadelphia.