Also, if anyone has done a recent installation, do they put in just coin machines as base equipment or have they moved up to a 'card' option (Value or CC/Debit).Oren

DD then is to exclude each time as a possible risk, or determine the impact of failing the investigation.eg:  numbers show cash flow;  go/no-gounit properly zoned for my intent;  go/no-gocan't get title insurance or clear title; - - puntall encumbrances (2nd, 3rd, liens) understood and declared; go/no-gocan I market/rent at FMV and make a profit; go/no-go roofing; $$$foundation; $$$plumbing, including sewer line inspection; $$$heating & cooling equip; $$needs paint, just a one time expense $broken window, awe heck, smallish, one time expense $go thru the list and PUNT if the pain gets too much(expensive) OR make an offer if you can live with it.

As everyone knows, if we can create value added products (for ex: laundry, vending machines, etc are the basic ones) that saves the tenant money and also generates additional income for us, that revenue stream can be huge when we multiply it by the number of tenants..plus it gives us an advantage over our competition.  

Equipment, materials and labor $5850.It does not include electrical but was my lowest quote. 

Thinking this would be a near worse case scenarioRehab PlanThinking I could possibly do interior upgrades, modernize the office into something appealing, (could be as simple as removing the paneling and exposing the brick, redividing the offices, updating the baths etc) and then rent out individual office spaces and charge $400-600 a mo for each office space - They'd be gross leases and I'd take care of all utilities, janitorial etc -- would not provide any onsight receptionist, fax machines etc -- each person would provide their own office equip -- I could potentially provide office furniture if needed, plenty of good used stuff to be found locallyThinking at a min 7-8 office suites, possibly more -- Per agent and my knowledge of community/research online I dont think a setup exists like this to attract possibly an IT person, a 1 man/woman business such as an accountant etc.  

It would be a pretty big under taking with them still occupying the unit due to their equipment. 

You will learn a TON, and you'll be well-equipped to start buying soon.Let me know if there's anything I can do to help!

@Danny SternJust a thought while you think about renting in class D.Police stations in neighborhoods like that don't really mean that the area is safe.I own some rentals in low income areas, and the policemen their make something like $9 - $11 an hour, and they have to pay for all their own equipment, (kevlar, etc.), poor benefits and a bad retirement package.  

Certainly get that I'll have to replace any mechanical equipment submerged.

The cleaning service I hired also provided the cleaning materials and equipment.