That average person given limited access to a property is not going to have the experience required to know what to look for.Yes, i would have a couple of your most trustworthy contractors with you when you walk the property and i'd film the walkthrough / take as many photos as you can.With a full hour you can easily assess most of what would be needed to account for 

But according to Zillow, tenants stay on average 3-5 years in a rental. 

Given the high demand for industrial space, especially near major interstates, this could be a smart move.

So many unknowns and very difficult to base it on average sq ft pricing.

Is it possible to cover your mortgage taxes and insurance through what the average market amount is in the area?

We've seen our area MLS which covers about 20 counties come down to an average sold to list price ratio of 95.1% and Knox county specifically has come to 96.4 % which is lower by about 2% from this time last year and down from our peak this year of 98.5%. but it's about in line from winter 2022 into spring 2023 which was a time when rates were rapidly rising.

Hey Rachelle, I'm a newbie investor and trying to learn as much as I can about the industry.

We only do single family homes, so it's not an apples to apples comparison, but the average national turnover rate is about 40%. 4 of the last 5 years our turnover rate was under 6%, and in the last 10 years we've never had an eviction.

If you have the right location (in town or by the beach) and provide an above average property, you can do well.  

I'd double check any addresses AirDNA for average projected revenue.