New from NC - also first deal in the works. Feedback appreciated

[Josh Wright]

First and foremost I would like to introduce myself. I have been soaking in all I can on real estate investing and am on BP daily. I am now to the point in which I am looking to purchase my first properties. I would appreciate any and all feedback. I am originally from Lexington, KY but now reside in Goldsboro, NC. I spend time between both. My goal is to purchase 10 properties by the end of 2016. Grow my portfolio slow and steady and then quit my regular sales position. Please feel free to let me know if the following is a good deal or something I should stay away from.

Asking price: $95k

3 houses 1 duplex all side by side on the same street with an empty lot at the end of the street which is included. All properties have long term tenants and the rent is well below market. Currently all properties combined bring in $1650/month and rent has not been increased in the last 10 years. All properties were completely remodeled in 1999. Minor exterior cosmetic work needed. Total taxes $1700. End lot has a possibility to add another home/duplex.

Reason for selling is the owner is an older gentleman who has multiple properties throughout Eastern NC. He is selling the properties that are furthest from his beach home where he plans to now spend the majority of the time. I am trying to get the price down but money is not an issue.

I plan on doing a cash out refinance on my current home. Monthly expenses look to be $700/month.

Sorry for the long email. I need all the help I can get. I tired of having analysis paralysis.....

Thanks!

-Josh Wright