Another point that many agents and consumers do not realize is that oil goes into basically everything you need to build a house and we currently are not drilling for Oil as much in the US.

There are LOTs more fish in the sea.

In my experience, the squeaky wheel gets the oil when it comes to lenders.

Ugh you have got to be kidding me, there is sales tax on heating oil for rental units!!!!

I would go high gross fishing while I'm trying to compile data and decide.

Hey guysJust wanted some opinons, I am 19 , just moved to Edmonton Alberta, I hate it here but jobs are here, I worked construction and made just over 5 grand a month all last summer and now im working as an autmotive apprentice for 10 dollars an hour ( by 4th year ill be capped at 29.50$ an hour)I work 9-5 weekends off now, but the thing is Im kinda thinking about getting in construction, oil rigs again for fast money but I dont want to rethink this down the road and regret it, Fast money as in, money to get into serious full time investing as a career...I also want to move back to Ontario to get a Construction job next september...Is it worth the 65-75 hour weeks now till im 25 till I go full time investing or work 9-5 making 50k a year?

Lots of pretty trees, two good fishing rivers, cheap land.

According to our newspaper the National Husing Conference states the following expenses for homeowners from 1996-2006Heating oil 131% (52% in 2008)P&I 46% (`1995-2006)Property taxes 66% (worse for investors)Insurance 83% (1995-2005)Rents increased 51% for the 10 year period

Also, I use 16% for vacancy - 8% for real vacancy, plus my mangement company charges approx. 1 month rent to fill a vacancy, so instead of putting that under expenses, I tie it to vacancy. 400 gallons oil at $3 per gallon per unit ... $500 per year for home warrantee (I'll pay for evenging out the bumps) -- 10% repairs, etc. actually comes out to 58% expenses as percentage of rent, -- and doing this with SFU and multi units, six ways to sunday always results in that number being btwn 42.3% and 58 percent, so I know the "50%" rule isn't too bad, all in all.

Therefore I'm dumping the idea of the 5-unit, there are other fish in the sea!