You'll find people on here who will tell you the cash flow isn't enough for that investment, you can't count on equity or appreciation, blah, blah, blah, but I like the deal (assuming the major items roof, hvac, etc are in good condition). 

Providing the washer and dryer adds a whole other item on your potential repair list.

The (potentially) new apt building would capture a different class tenant than the triplexes in this town.

Avoid carpet in lower end as it becomes a disposable item.

The biggest item will be that you have some ability to service the debt outside of rental income.  

The PM should be itemizing that as part of the normal duties and giving you a form to submit to your EA or CPA.I really don't understand why most of the big picture numbers werent worked out before the sale executed.

So many items come to mind.- What city are you heading to?

I figured I captured capital ex with the renovation cost,.

If you have electric panels or other items down there, code will likely require you to have lights there which, in turn, will kick in the need for a house meter.If I were in your shoes, I would read through the lease that was signed carefully and see if you can get them on something else other than non-payment.  

., regardless of whether or not you are evicting the tenant, once you receive a maintenance call you should try to take care of the item.