Bonus is I am getting new HVAC, Furnace and hot water tank. 

Are there separate gas, electric and water meters for each apartment?

But it should only be attorney cost, the deed and recording fees (few hundred) , maybe a final water cert.

If you buy a high cash flow property in Cleveland, over 5-10 years you will most likely break even on the cash flow or just be treading water.

Even new machines can experience issues, and when those issues mean that water is leaking all over your laundromat, you’re going to want to respond to that quickly.It may not be that your laundromat requires that many hours in a week of actual work, but the times your laundromat will demand your attention can often happen unexpectedly.In a typical week, we would work 7-10 hours on our laundromat, either being there physically or working remotely.

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents

I grabbed my multi meter and showed them the voltage in the water . 

So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.

Shared laundry meant a fifth utility meter and high water costs that I paid.

Or like some of the crowdfunders money flooded in and they made some pretty seriously poor lending choices and they themselves and their investors got wiped out.