Potentially my first investment.....

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I want to throw out a scenario and see what people think about it. Any input or advice would be very much appreciated.

I'm 23 years old, I recently graduated college debt free and I'm making 40-55k a year. I want to get involved in real estate investing and have been looking at as many places as possible while doing research online.

I feel like I've found a potential fit but I really need some input. The property is 4 units, all 3bed/2bath, built in late 90s renting for 700 a piece so if I keep them all filled it's $2800 a month. The asking price is 350k and it looks like my monthly payments for a 0 down, 30year fixed would be around $2600.

Just looking at that it doesn't look like it makes a lot of sense however I don't currently have any real tax deductions so looking at an amortization schedule I can reduce my taxable income by over 21k the first year which should equate to an additional 6k in my pocket, obviously this number will go down over time.

I don't expect huge appreciation and I want to invest for the long-term. I'm not interesting in flipping places. As far as property management is concerned that's something I'll take care of myself. I was attempting to use the analysis tool on this site but the hard part for me is accurately estimating my expenses.

Any thoughts, questions on input on my situation would be appreciated.

Thanks!