The midwest especially where car manufacturing like Detroit got really hammered when they closed lots of car factories in their area. 

Also yuge factor is the elimination by the Feds of the State property tax deduction, combined with many of those states completely screwing the people that are trying to flee by raising those taxes, and demanding to show where they lived every single day to show they actually left the state (hint, the blood sucking tax collectors in NY). 

You could have 1 500k home brand new in a hot rental market or two 250k fixer uppers in a factory town where the plant got shut down.

I will say that most people, myself included, tend to have blinders on when it comes to the properties they own - you look past the weird layout, or the factory next door, or the fact that there's 3 different types of siding on the house, etc.

The builder said that with QB technology they are able to construct the motel quickly in their factory, whereas it takes a longer time for traditional motels and hotels to be constructed.

@Graham Lutz I'd approach things differently from looking at where a factory is opening or what markets are hot.I'd start with the list of Metropolitan Statistical Areas on wikipedia, which you can sort by growth rate:  https://en.wikipedia.org/wiki/List_of_metropolitan...Even though there are growth rate variations within MSAs (i.e., declining areas within growing MSAs and vice-versa), to make things simple, I would avoid any MSA that is declining in population, period.  

One realtor told me I could rent it for $2,000 a month, but I just don't see that based on comps in the area.The other factor is, I have a good income, and thinking through the hassle of renting to MAYBE make $100-200 a month doesn't seem worth it.

So theres no rushUntil Oil supplys begin to steady themselves I would stay out of Western Canada, I know southern Ontario is starting to see some more growth in our manufacturing since the drop (crazy amount of help wanted signs right now as most factories) but Ontario is tough for cash flow, Eastern Canada I know little about.

To me it seemed fairly residential, and rentable area.Also,Does anyone know if it's true or a rumor that there is a Toyota/Honda parts factory being built in Anderson?  

You have to determine your own risk factor. i used 50% rule for expenses, it could be higher for a class c property.