Getting my feet wet

[Kirk Olson]

Hi Everyone. My name's Kirk Olson, I'm currently stationed at Fort Riley, KS and living in Manhattan, KS, originally from Iowa. I'm interested in small multifamily properties: duplex, triplex, and quads, which I can buy and hold for cash flow. I've been referencing this site for some time because I'm currently in the process of purchasing my first duplex. I will live in one side and rent out the other side for just slightly above my PITI, by slightly I'm talking only $10. When I move I plan to hold on to the property and rent out both sides.
Here is the full deal:

The duplex has been bank owned since the developer went bankrupt last year, no one has lived in it yet. Each side is 3br/2ba 1300 sq ft with a single car garage and porch.

Purchase price: $154,500 purchased with a VA loan so no money down just closing costs and a 2.95% APR.

Rent: $1150 per side PITI is $1140. Every duplex that has been purchased from this development is fully rented and rents between $1100 and $1200.

Only thing wrong with the duplex is that it has poor drainage around the foundation and for the past couple years water has flowed through holes, that were constructed, in the foundation. The bank will be filling the holes with concrete before I take possession. No damage has happened to the foundation yet so it has not produced a problem yet, however I am going to get it fixed which the bank does not want to take care of. Does anyone have an idea of how much it might cost to either add some dirt or re-landscape the area. I'm not looking for an exact quote or anything just wondering if it is in the hundreds of dollars or thousands of dollars.

What are your thoughts on this deal as well?