Potential profitable builiding? Waterville Maine first buy

[Timothy Swenton]

Hi all. Looking for some help. I live in Maine. Looking for my first investment property. 

I found a few so far and this one seems the most promising. 

There are currently 4 rentals in place. One 3 bedroom and 3  2 bedrooms. I called the broker she said most tenants have been there long term and pay on time etc. However ones a possible hoarder, and 2 are section 8. Which I am not sure if I want to deal with section 8s my first go?....However the positive cash flow seems pretty convincing IF the broker is being honest about "good tenants".

Heres some listed info below. 

The current rents below and they all include the following:

Dedicated Electric Meter, Electric, Heat, Range, Refrigerator, Sewer, Water

800 

650

695

610

$2755 Monthly income total

My expenses I tried with my own math and then the calculator as follows:

Total monthly expenses $1485.36

Pos cash flow $1269.64

I used the BP calculator a bit. Seems promising... However I am still a newbie and not entirely sure how much for each expenses etc I should be factoring in. ESP the percentages

Was built in 1910. (two seperate buildings)

MLS number: 1281019

This is the description

New Price Reduction! Motivated Seller! All reasonable offers will be considered! Multi-unit building with 4 units. One unit with 3 bedrooms and three units with 2 bedrooms. Vinyl siding on exterior. Newer heating system. Great investment! Good rental history on all four units.

Seller is asking $59,750

I also live an hour plus away from this investment. That's my only other worry. Should that matter for much? 

This is one of a few places I am currently looking at. Tell me what you guys think from some of the basics I gave. And the things I really need to look out for/account for when doing the math. 

Thanks a million, hope everyone has a safe and fun New Years!

-Tim