My First look at investing in a rental property

[Dereka Taylor]

4Plex well cared for, recent $20,000 worth of updates including HVAC, all windows, other updates last year include vanities, carpet toilets, and outdoor carpet. Each unit is,2br1ba, kitchen, washer-dryer, 772sqft. It is a two-story building, with 4 parking spaces, on a .40 acre lot, $2,900mo rental income,$474,000 purchase price listed. Taxes $2,161yr, Insurance $1,225yr, No HOA. Tenants pay individual electricity. Garbage included with taxes. Self-managing, self landscaping. Fully rented but thinking of living in it if one becomes vacant. Built in 1984. I am unsure of loan details, will buy using trust in my name since it is my first and may be living in it. Will transfers to LLC probably in a few years IF I purchase. What do you think? What else should I check before taking another step, Should I take another step? Why or Why not. THANK YOU!!