LLC does nothing for taxes, its a disregarded entity and passes right back through you.Other options are to invest in syndications that take larger depreciation such as some oil and gas or Multifamily offerings.

Make sure and understand if the area has old oil and gas activity. 

One of the biggest issues almost everyone misses is not finding out about old oil and gas activity on land or under a home.

The building has central heat so we pay the oil costs.

Biggerpockets family!A little blurb about myself. At the young age of 33, I have worn many hats in plenty of different industries. From construction to tech start ups, I'm a self proclaimed jack of all trades. Always ...

I'd also like to see tensions with Iran subside and oil prices strengthen.For now, I have better opportunities with lower risk at home.

When the house sells years down the road, you have to pay that money back.Edmonton (and Calgary) markets are closely tied to the price of oil.

Also curious to hear from others as far as investment types: crypto, bitcoin, oil and gas, precious metals, I don't have a full understanding of crypto/bitcoin and have heard that it's volatile.

I work in the oil field on a 4-weeks-on, 2-weeks-off schedule, with occasional 6-weeks-on, 2-weeks-off hitches when offered.

Factor in the cost and ongoing maintenance of a new system.Ensure the signed repair addendum covers all these new concerns, not just the oil tank.Your Options:The property's time on market suggests limited competitive offers, potentially giving you leverage if you can still renegotiate.You're debating a cheaper fixer-upper vs. this home with existing and new problems.Neutral Guidance & Next Steps:Get Firm Quotes: Obtain detailed estimates for all repairs and mitigation (roof, boiler, kitchen, radon system).