If we were an oil town and oil prices crashed, it would be a different story.

You rented it out for the new tenants to move in after the previous lease naturally expired.

If you work hard enough and get in running like a well oiled machine with the right people in place you then may be able to focus solely on the real estate end and step away from the construction while still having it be a revenue stream.

I'm surprised they didn't mention the abundant "natural lighting"

Especially for a broker, since you're dealing with a middle-man which naturally makes the process longer as opposed to working with a direct lender. 

Is this just the nature of using an FHA on a property and the fact that cash flow for FHA loans won't be as attractive as conventional? 

You wouldn't drive your car without oil so why utilize your property without basic care. 

In Ohio or another state where you own property, you likely will only be taxed on the income earned in that state and need to file a nonresident return rather than a resident tax return.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

I remover in 1973 when the oil cartel shook the world.

The times I lived in one I was working for a oil company which makes sense since that type of work tends to have people moving every couple of months.