Considering an out of state deal as a starter (OH). Help!!!

[Paul Contreras]

I am from Southern California and this is absolutely the hottest market i've seen in a long time..  The problem is.. its sooo expensive!! I don't think spending 500k+ getting a duplex only to cash flow a couple of hundred dollars is the best idea starting out.  So i'm looking to invest in other areas where my dollar can go a lot further.  

My research has lead me to places to like Ohio and Indiana where I can find 4plexes for under 100k.  Coming from California, this just blows my mind!! You won't even be able to get a room for that price much less a 4plex.  So seeing as I am just starting out and slowly learning the markets by constantly looking at the numbers I was wondering if you fine people can help me evaluate this property.  My biggest concern is the (unknown) costs in the area..  I'm used to certain standard here in Cali but in Ohio I'm sure things are different.  Here are my numbers.

Property: 4Plex

Cost: $86,000 (Can put upto 50% down if needed.)

Location: Cleveland, Ohio

Estimated Insurance Cost: $2400 /year.  This is a rough estimate from what I've seen.  Would greatly appreciate if someone can validate.

Property Mgmt:  8-10% of gross rental income which is $200

Property Taxes:  1.5% of purchase price.

Utilities:  Roughly $60 a unit.  Some listing say tenant is responsible, others show owner is responsible..  

For those in the area does this seem like the standard checklist of expenses for a multi-family home.. There is obviously a lot more research that I need to do but speaking to actual people in the area helps a million!!

 Thanks