You'll want to cover your bases legally and financially.

if cashflow is the goal, then a) choose a market to invest in that's cashflow-heavy, first and foremost. note: living in a property for a year doesn't necessarily build equity. your principle paydown year 1 ain't much & if the market dips a bit, you could have no or negative equity at the end of y1. just something to consider.note: appreciation in general is speculation. we can make educated guesses on what's going to happen, based on what HAS happened, but this isn't the 'perk of RE investing' to focus on when you know your goal is cashflow. ignore appreciation for now.if the goal is cashflow, why not just start with a rental?

Based on the terms of the lease, the company took out a commercial rental insurance policy for their time while there. 

Sounds silly, but base level service is assume tax filing and compliance.

You could possibly get a GC who is not local to do a virtual walk-through with you on your phone (like Housechat or equivalent)

That would be a big dictator of your closing costs as several of the factors are based upon closed price.

I sell insurance and am commission based so I would like some sort of passive income.

So to call me names is just so off base but you would not have known that.

But you have many options based on what you've provided here.

To me, this is a marital question.When we talk with house-hacking buyers or investors in Colorado, we insist that both partners are on the phone because so often they say they're on the same page when in reality one partner wants to house hack and the other wants to nest.