Fourplex as first investment property

[Tom Klein]

I'm wondering if this sounds like a good deal for a first property

fourplex C property in a C neighborhood 

Asking price : $89,900

(4) 3bed and 1 bath units rented at $600/month

Landlord pays water sewage and gas.  $5k/yr

Taxes are $2300/yr.   insurance is $1330/yr

Gas is not separated hence the owner paying it

I'd be putting 20% down, 30 yr mortgage  4%

I think I can raise all rents to $650 to cover more of the gas expenses

All tenants have been there over 1 year

[James W. Avery]

You could title it in an LLC and finance it commercially, plusthere are hard money routes you can take