Manufacturing plants and such don't particularly care about train noise.Third: given that a railroad track has an adverse effect on the price -- how is the price of this property relative to that?

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

AND you must maintain adequate reserves to take care of the disasters that may happen.So my advice- build your equity.Most of my clients fall into the first group above.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

Yep, just be careful with the information you see since it is heavily geared to Americans.There is a decent groups of Canadians on here. 

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Take Care :)

,i've heard/read/listened to Pro's/Con's for each side. 

I would be careful.

I have heard many of the podcasts, read many articles on how to find, fund, and manage deals.