My first MFH Deal. Worth it??

[James Gilpin]

Hi All, I am looking to buy my first MFH with the view to add an additional one every year for the next 3-5 years, possibly even look into something bigger. Anyways... House listed at $132,000 Got them down to $105,000 Rents would be $750 (2Be/1Ba) & $850 (3Be/1Ba) Needs: New roof $14k, Furnace $3k Touch Up $3k, All in: $125k FHA: 3.5% DP Closing Costs: $8200 House has been appraised by FHA at $105,000 Monthly: Rent: +$1600 PITI: -$780 Vacancy: -$130 Maintenance: -$120 Cash Flow: $570 I realize this may not be the greatest numbers however knowing that I have replaced the roof and furnaces would relieve me of any significant costs for 10+ years. Is it a good deal? Thoughts and advice welcome :)