Need help - Should I go for it? Hud, multi-family duplexes

[Hunter Beck]

Hi BP!

I am looking at a potential opportunity in the Bryan/College Station area. This would be my first investment opportunity and I am looking for any and all advice!!

Location: Bryan, Texas
Opportunity: 5 duplexes
Purchase price: ~$110,000 per duplex
Current rent: $1,150 per duplex (this is expected to go up and I believe could adjust to $1,250 per duplex). Many tenants have been there for multiple years.
Repairs: Much could be done to improve the properties, but not much needs to be done from the get go. Small tweaks over time, until I wanted to sell. 
Notes: The properties are Hud housing and not in great condition. What you see is what you get, but it appears that the tenants are satisfied with the status quo, despite not the nicest living conditions. Would not need to make vast improvements. 

Would appreciate any thoughts on the numbers, health of the investment, and especially from anyone who has Hud rental experience! 

Thanks!
Hunter