Hello Everyone,I'm Anton, a recently retired public safety employee in the northern Virginia area and I would like to learn more about Out of state, Buy and hold investing.

Again, this is not a stab at all drillers but as a word of caution that this is typically more common with this type of tenant.There are several different job types and stages in the oil field.Beginning of a well:Construction crews (builds the pad)DrillersPipeliners (come and go as well depending on the current pipeline infrastructure or lack thereof)Truck drivers (equipment)Fracking crews.After well construction:Construction crews/welders (build compressor stations and/or transfer stations)Truck drivers.After well, pad and construction is completed: (These are your more steady, longer term tenants)Pumpers/gaugers (maintain the well and oil/gas production from the well.)Production employees (manage the flow of gas and oil and sends those products to the buyer)Mechanics/maintenance employees (maintains compressor stations and other equipment)Environmental regulatory compliance employees (small number of these people)Truck drivers.I'm sure I have missed a bunch and not every well and/or company operates exactly as stated but that is the basics of it.I'm not sure if you wanted to read all that.

I used to try to keep track of capital expenses versus repairs but when you have hundreds of units and you have employees going to Home Depot every other day, trying to keep track of what on everything or receipt might be what category, or try to set up a depreciation schedule for 10,000 different things would be impossibleI just come up with a percent that's conservative yet fair.I consider X percent of my total materials and labor to be capital the first year, and a smaller percentage to be capital the second year until it finally stabilizes for year 3 on.

Indiana now recognizes Voluntary Wage Assignments, which are to be signed by the debtor and the creditor, or the creditor’s attorney, and submitted to the employer.I worked at a loan company through college and later I owned businesses where employees were garnished.

The buyer signs the disclosure for many banks that he's not affiliated with the bank, or relatives of employees of that bank - Chase does have this disclosure, BofA, Citi? 

In pharmacy as a salaried employee, working harder often just means longer hours.

Some companies make their employees pay out of pocket for marketing so they can undercut you at 5% b/c their split is higher.

Looking at a different industry some employee recruiters will sometimes get paid on a monthly basis or at milestones.

Revenue lossesVacancyLoss-to-leaseConcessionsUnits (i.e. model unit, employee units, etc.)Bad debtOperating expensesPayrollMaintenance and repairsContract servicesTurn/make readyAdvertisingAdministrativeUtilitiesManagement feesTaxesInsurance Lender reservesNon-operating expenseDebt serviceAsset management fee

It was a real shock to the system as I was performing well and making the company money, but higher-ups needed to find some cash so they let go 3 well compensated employees.