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.

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

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.

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

You can 1031 vacant land to oil and gas rights.

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.

LOL its funny people can put others in an others shoes and (seemingly) know every system/person.If snake oil fixes an ailment go for it...if a newspaper column, text book, word of mouth, an "experienced" investor or what ever "educated" person &/or program looks good & helps get a deal &/or exposed to something like BP...doing deals etc then why bash it?

Was laid off yesterday through a reduction-in-workforce at an Oil & Gas company.Did some math, and after cutting house cleaning and childcare expenses, I need to bring in $30,000 in after-tax rental income (depreciation EXCLUDED) to match my W2 job's take home pay.Thanks to what I learnt at Bigger Pockets, I will liquidate my low performing SFR in Wisconsin (0.4%) and invest in higher yielding (1+%) rentals in my area and easily make up the $30K.

Morgan and Carnegie and Standar Oil all built the beginnings of their massive industrial empires during the great depression.