They called me last night and said that the water pipes used for oil heating had burst.

The market is heavy with medical training, some influences from the Bakken oil fields although as that is coming to an end my area might be a place where people flock to afterwords.

But if this is a B class work force housing type of property, there is huge demand and very low inventory for this type of property in Houston, even with $50 oil.  

I have a tenant I inherited when I bought this 2-Flat in July 2013 in Cook County, Illinois.  

Foreclosure property in C class neighborhoodBank is asking $45000Rental value is around $700/monthI'm approved with my credit union with 25% downPayment with escrow: (Tax and Insurance) will be around $300/month. vac rate should be 10%.The property is in great condition and shows well (remodeled 2 years ago) and is rent ready after minimal work: paint touch up and appliances (fridge, cooking range, washer dryer)Should I pull the trigger and go for it?

Rental property = cooking in a crock-potRehabbing = Cooking in the ovenWholesaling = cooking in a deep fryerRental property typically isn't profitable (or not extremely) in the short term, a better long term play.

Curious on what the broker thinks of r/e overall, rates and reits and ...oil stocks.  

Three cooks in the kitchen, huh?

Just minutes from UNH Campus and Dover. 2½ story home includes 2,352± SF GLA, 8 RMS, 4 BR, 1½ BA & partial basement Attached 3-car garage, enclosed porch, vinyl siding, Big back yard with shed and in-ground gunite pool FHA/oil heat.

You may find more value today in Dallas with a depressed oil economy, but it's still a very diversified and thriving economy.