Plus the bank is tacking on fees and costs every day which increases the amount they wIll be willing sell it for.

There are abandoned warehouses nearby and there is a plan already to turn one into a brewery, so I think the value of the area will continue to increase over the next few years. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

This also means that with a larger down payment, the monthly debt service is less, thus increasing cash flow.

However I would think that the property management route is the most simple to learn and probably the least financially rewarding.  

The math is the same, and is relatively simple.

If you were to purchase a much larger building, you could almost certainly increase your return on equity.

Keep it simple.

As i stated earlier, I would be conservative and increase your vacancy to 8% unless you already have a wait list of tenants.

Being a landlord is harder than it seems but at times can be very simple.