The numbers need to work, but don't use the excuse that "this market is too hot" or "oil is crashing, I'd better wait".  

In my area, people are starting to hate having oil heat (actually anything other than natural gas), so when we look at houses heated with fuel other than gas, we check with the gas company to see if there is a main close enough to tie into.

I'm Canadian so no prob -- live in Alberta so no premiums at all; you guys buy our oil and our oil buys our healthcare!

Like-Kind Real Property  The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

This is Oliver Johnson Woods area.

I had a triplex where all units were on oil.

I liked your bit about asking, "the squeaky wheel gets the oil" as my mom has told me! 

Here comes my question.I have about 35k liquid cash on me for REI and I would like to invest now that prices are low (as i heard) due to the oil price drama.

For example, Houston and Wyoming were booming for the last several years, but recently have had a downturn due to the dropping of the oil price and the damage that's caused to the fracking industry.

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?