Portfolio acquistion, first investment

[Anthony Larson]

just returned from deployment I'm looking at this property to buy, so i can focus on school, and not work

17 unit and 12 unit building
17 unit building mix
15 unit rooms at $328 a month paid week 2 units $640 month
parking laundry incom $87
total month $6150
Total Annual $74000

12 unit building mix
8 efficiency $520 a month
4 rooms $390 a month
parking laundry income $152/month
Total Month $5700
Total Annual $68000

Actuals from Realtor
MONTHLY INCOME For 2009
2009
MONTH RENT COLLECTED Laundry TOTAL RENT COLLECTED Laundry TOTAL
JAN $5,810 $100 $5,755 $100
FEB $3,430 $100 $4,055 $100
MAR $3,782 $100 $3,640 $100
APR $3,030 $100 $4,573 $100
MAY $5,507 $100 $3,580 $100
JUN $4,392 $100 $3,277 $100
JUL $5,467 $100 $3,060 $100
AUG $5,730 $100 $4,526 $100
SEP $4,390 $100 $6,855 $100

TOTALS $41,538 $900 $39,321 $900

AVERAGE MONTHLY INCOME $4,615 $100 $4,715 $4,369 $100 $4,469

Annualized Average x 12 $55,384 $1,200 $56,584 $52,428 $1,200 $53,628

expenese
2008 Taxes (actual) $5,716 $7,985
electric (actual) $9,252 $8,352
Water / Sewer (actual) $1,362 $2,118
Insurance (actual) $1,350 $1,455
Rooming License (actual) $216 $0
Repair & Maintenance (projected) $3,000 $3,000
management 5% (projected) $3,190 $3,101
Reserve (projected) $1,800 $1,800
Total Expenses $25,886 $27,811

On market for $603000

Am I overlooking anything, it seems with favorable financing this property well work out nicer.
Great first investment to set up my business a foundation if you well.

Looking for insight, help, things to look out for, great loan companies, cash partners, anyway you can help I'd very much apprecitate it.