Look at where we are at in the economic cycle. 

Keep in mind that Amazon is scheduled to come to Arlington (the neighboring city) in the near future as well as the projected economic downturn.

Assuming all things are equal for these two props, but they are just in different areas of the same city, I would look at things like economic development (new projects, new businesses moving in, large companies opening facilities), proximity to job centers where people can earn the wage they'd need to rent the property (being close to a lot of very low-paying jobs isn't very helpful if you're looking at a nicer property, the people in the area have to be able to afford it), walkability, neighborhood amenities, etc.

Such as, what is driving the economic growth - which businesses are moving to town, where are apts being build within the market, which part of town is growing the fastest.

I personally think it would take a larger macro economic shock to affect our healthy real estate market. 

1) Based on your demonstrated limited knowledge about the subject matter, such as what it takes to buy a house, manage one, and the economic fundamentals and attention to the market slow down.2) Based on your lack of down payment.3) Based on your lack of reserves since you likely don't have reserves if you don't have a down payment.4) Based on the upcoming recession, which will likely lead to your business slowing and it could lead to your wife getting laid off.5) Based on the slowing real estate market. 6) Based on your yet to be established business.

For me to do a full rehab and re-run the electrical does not make economic sense for the space I have. 

The latter two of the printed documents contain a lot of economic information and charts on the local markets of the area I am trying to learn more about to invest in. 

A lot of times the economic development department will have the vacancies also check with property managers.

In your area look for the potential economic drivers that are operational today that may attract outside investment.