Dig deep a few level to decide what your driving factor is.

This is because of typical year-long leases and independent landlords that aren't as efficient charging market rent at every turnover.The second factor is that rents are a function of monthly payments not purchase price. 

Keep in mind you should still account for maintenance, capital expenses and future improvements (which are all accounted for in commercial property along with vacancy factor)I know this is a lot of information but success is in the details.Final point, if the numbers are right this property should qualify for rehab and long term financing.

I’m relatively new to the idea of investing in real estate because I’m going to be the first in my family to choose this path over the traditional factory 9-5 job.

The other complicating factor is that I currently reside in a different area of the country than that in which I am interested in investing. 

Please any and all feedback is welcome.Even though this may be a “limiting factor” I never limit my mindset.

It seems like all of the factories are totally slammed right now and really not wanting to take on new dealers.

In this crazy market often times the appraised value is only about 80% of asking price so a safe fudge factor is to set expectations on having a cash position for more like ~350k to ~580k depending on whether you qualify for FTHB or not.5. 

Garrett Gunderson's/Wealth Factory has what's called the Cash Flow Index, it's helped us determine a credit card and loan payoff plan, and may be useful to help you determine your opportunity cost when it comes to paying down low interest debt or pursue an investment that may return a higher rate. 

Samsung has had a factory in North Austin since 1997.About 1,800 direct jobs would be in tow, not to mention the thousands of indirect jobs, such as construction work.