Should I bite off as much as I can?

[Woodward William Beardsley]

I'm meeting a guy tomorrow afternoon that has 15-20 rentals in Lansing, MI and is looking to retire soon. I've been thinking about getting in the rental business and could use some direction. He asked if I'd be interested in taking several properties off of his hands or should I just start out with one property? All three houses would cost abut 200k total and rent between $850-1200 a month. I'm 27 and have never bought a rental property before and have only bought my own house. I don't have anybody immediately around me to bounce ideas off of in this category. Should I only pick the best of the three single family homes with a tenant already in it or should I try to do a package deal with 2 of them being vacant? Also, the house I own the mortgage is through Bank of America, should I go with a local bank to get a mortgage for these properties? I'm very green when it comes to this so I appreciate any input. I don't have anybody around me to bounce ideas off of in this realm. I'm a very handy person and can handle *** sorts of repairs and think I could manage taking on a few properties to start out.

[Aaron Kite]

Hi Woodward - I'd also be happy to have coffee and talk through this.  I have a bunch of single family rentals. Bottom line... you dont want to over pay for these.

Message me and we can figure out a time to meet - or a phone call