Stay with oil,  replace the tanks and the oil furnaces with new tanks and units.2.

Has a list of people waiting to rent there and is getting $675 per unit. 2 years ago one of the tenants left the gas stove on with food cooking and it burned down the 3rd unit, due to insurance reasons he had to remove the building pad as well after demo.

I can't speak to many other cities but Calgary is in a state of cooling after oil took a tumble. 

3) It has oil heat boiler that needs to be replaced.

Tax adjustments, water adjustments, oil adjustments (if applicable), attorney fees (if attorney state), transfer tax (if state requires), concessions can happen sometimes.

One of the reasons why I feel they were cooking the books and inflating costs.

But I figured it had to have at least an oil tank in the basement at some point.

Luckily I will be doing this on a full time basis and the many years of project management experience in Oil and gas Services contracting should be of some help.

@Josh Cook- Metro is at the top of my list right now.

Frank,I am a mechanical engineer myself and moved to Houston to work in oil and gas!