All bills paid apartments

[Bily Elliott]

So I have a piece of industrial property set to close on August 4th that I will walk away from with a good chunk of change. I have one SFR and have been saving and wanting to jump into small apartment buildings. There is a local 8 unit (two separate buildings, I am not sure of the exact layout yet) 7 are 1 bed 1 bath and the last is a 2 bed 1 bath unit. The smaller ones rent for $399, the lager for $599. This was built in the 20's and is not brick, it is a wood frame building. It is not in a horrible area, but not great either. I need to see insurance, utility bills, bank deposits (to make sure rents are being paid), any other bills for the property (trash, lawn care...). Am I missing anything? Should I be running for the hills or do some digging on it?