This is pretty fascinating to me to hear Lethbridge is immune to the cyclical nature of oil and gas.

Hello BP,Can anyone help with the basic guideline and underwriting procedure for a Oil and Gas Private Money Lending?

I'm hearing more and more about certain areas banning STRs with little notice.Another option that may interest you is investing cash into a cash-flow oriented Reg-D fund, such as an oil and gas mineral rights fund.

Rachel Smith, Fish Real estate - highly recommend : http://www.fishre.com/real_estate/lock-haven.aspcall the Lock Haven office and ask for her, mention my name.

(All units have there own oil furnace) Whats your thoughts on this plan?

Even in Texas were things are pretty green right now, there are areas where the local water system is not adding more meters, and has restrictions in place, like no washing cars, no pools, no water for lawns, etc.Depending on how Washington moves you could also see in the future in some parts of the country with heating oil and natural gas for heat....I think that is probably a bit in the future, but could be an issue....so that would likely be in NE...especially if you combine it with something like a small college town where the college goes out of business....or the employer moves out.You could also see some issues in the "old" cities where systems need to be upgraded...like water and sewer....and there is less and less revenue to do that. 

looks like you let people talk you out of this property. in my opinion it wasnt a bad deal. your renter would have paid most of your mortgage. you would be living almost for free, traveling less which also saves you money. i had an offer to make 10k more a year recently but after adding in the gas, oil changes, tire wear and added potential for things to break on my care it came to over 7500 a year in expense for me. 

It’s right on the water, you have one of the biggest fishing ports on east coast.

It’s close to the ocean, rivers, hiking, fishing, mountains etc.

Purchase price: $260,000 Cash invested: $50,000 Added 1/2 bath, updated full back, new plumbing, removed oil tank, update electrical, all new everything in the kitchen, built patio, refinished wood floors.