I am considering purchasing my first investment property and would like to get some feedback to see if I am on the right track with my analysis, so here are the numbers:Purchase price: $380,000No rehab costs - It was recently renovated (fix and flip) and all four units are currently occupiedRental income: $3,800 (4 units each renting at $950)Estimated expenses (monthly):- Property tax: $336- Insurance: $228- Management: $380- Maintenance: $380- Vacancy: $317- Landscaping: $100- Flood Insurance: $50Based off these numbers, I estimate the cash flow to be approximately $200 per month which does not give a great CCR. 

Too many people use their money as an easy barrier to entry in a very competitive landscape.  

I have some skills for flipping such as painting, landscaping, and various other small skills from working for a school district and fixing up family houses. 

I'm not sure if it'll help you or not, but I started tracking rent statistics all of indiana recently, I don't have a huge amount of data yet, but it may help you in estimating average rents you may be able to get... www.rent-stats.com

I'll let my tenants do some basic yardwork/landscaping, as long as they request what they want to do and get my approval in writing.

Survey the area as well to determine your vacancy factor.Insurance - have your agent quote itTaxes - look them up on the county records and make adjustments for the new assessed value with the property trading handsManagement - find out going rates and include themTrash, pest control, landscaping - same...figure out going rates, if applicableUtilities - not sure who paysMaintenance and cap ex - Highly debated topics on BP; so, I'm not going to get granular...have to search the site.  

I love statistics and based on numbers alone, there simply is no indication of a coming slowdown anytime soon.  

You may want to also pull out statistics in project cancellation/project shutdown due among other things, State induced strict compliance to the letter, contractor's compliance and liability costs (biggest reason why significant California contractors are put out of business aside from tight competition), it's just next to impossible to earn contractor wages based on economic conditions (that being current prevailing economic depressed consumer wages cannot support re-construction costs or that wages to property modification ratios is not sustainable in long term basis), indicators, and indices (unit labor ratios, material integrity and application ratios, Local, State, and Federal (labor, occupational hazard, environmental) compliance costs, and certain and uncertain risk factors.

My wife has a steady job that she absolutely hates, and I have steady income from owning a small landscape company.

I found the deal, negotiated the price with the seller, offered to do all of the manual labor, landscaping, offered to meet all contractors and handy men, etc.