Sometimes with these levels of rental properties you'll get applicants who state their income is from doing yard work or day labor work or as cooks or wait staff. 

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. 

@Kenneth Cook People start LLCs and often move their properties into land trusts because if something were to happen at a rental property that you owned and you were sued and the property was not in a separate legal entity, your personal assets are at risk.

if you have something cooking please run it by me and I will let you know if I will fund it.. its as easy as this on BP...

I know they had a delay last year. When is the expected timing this year? Anyone know? I couldn't find anything online that can provide an estimate for this year. 

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. 

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.

These areas have seen consistent, predictable growth and strong oil & gas employers. 

Suggest buying gold oil on one exchange and selling it on another  to extract  a temporary price difference. it is not required to rent a unit and short-term rent it out to be called Arbitrage.

I look at two different sets of information:1.Commodities: March December Two weeks agoSteel                     $54.46 $35.60 $38.77Copper                      4.75 3.82 4.22Lumber                   1,441 391 344Silver                   26.46 23.16 24.49Crude oil            111.76 79.98 79.86Natl gas             12.80 11.00 12.22Corn                   7.49 6.26 6.75Soybeans          17.00 14.39 15.38A.