Potential Deal, looking for advice

[Bob McIntosh]

So I have found a property, in a decent middle class neighborhood, the details are as follows:

[list]Property Price: $140,000 (asking price, can negotiate down but for analysis purposes keeping it here)

# of Units: 4

Total Yearly Rent: $25,800

Expenses (assuming 50% rule): $12,900

Down Payment: $14,000

PI: $7,664

Property Management: $1,290 (its about 6 hours away so no way for me to effectively manage it myself)

Cash Flow: positive $2,656 (yearly)[/list:u]

Seems to be a good deal to me... whats your guy's opinion, am I forgetting anything?