Good Deal for Rental Property?

There is a 8 unit apartment building selling for $1.5m CAD. All 8 units are two bedrooms. Most tenants are older and long term with an extremely favourable rental rate. But few units are newer renters and the prices are up to date. Total monthly income from the tenants and laundry is about $10k CAD. Monthly mortgage payment would be about $9k CAD.

I know more information is required for you guys to give proper advice but without going too deep into it, to me this seems like a property that can break even in its current state and be quiet profitable once all the units are paying current rates. Once this happens, monthly income would be about $15k CAD.

My current home is basically paid off and I would be using that equity for down payment. This would be my first rental so probably 8 units from the start isn’t ideal but the location is good and the property upside seems great.

Can someone provide any advice or things I should look out for/consider. I can provide more specific information but I’m not looking for a deep dive into it.