want to buy a 4 plex

[Greg C]

hi all i have been doing a lot of reading here

so put it short and consise here is my situation
leaving california and have $250k

moving to north west town of 50k- 100k pop

im interested in buying a Newer NICE 4 plex that are larger 8- 1200 sq ft per unit with garages the kind a nice family might need i dont want to deal with lower class properties and people.

most of the nice 4 plexes i see are 275k to 350 k

i can tell exactly how ALL the buildings on the mls are priced
they take the rents

example $750 mo x 4 = $3000 month x 12 months = $36000 yr

and times that by 10 = $360 k asking price

i know this senario does not fit the definition of a good deal i see talked about here
but if i did not take one of these buildings i would not be buying one
i dont want some dump i want a nice building in a nice part of town to hold forever

my plan was to put about 1/2 down on one of these places and let the cash flow pay the mortgage on the house i will buy maybe $150 - 180k down on the 4 plex and then 100k down on a house for me and my family that would cost 180 k to 225k

im fairly conservative so i dont like talk of 10% down

does this sound like a good plan to start in realestate investment ? im very handy and would do all maintence and management myself

thanks for your input! :D :D :D :D