10 unit 5 home package as potential deal

[Nicole Wood]

Tomorrow I am looking at a package of 10 units spread through 5 homes. There is one triplex, 3 duplexes and a single family home for 320000 or so. Just looking for some advice on the non traditional terms we have come up with. 

single family home is rented for 750 per month plus utilities, duplexes are each rented for 625/month plus utilities, triplex is rented for 625/month. taxes are around 300 per month per house so 1500/month rental income will be 6375. home insurance runs around 80/month per house so 400 per month with a 10 year payoff no interest 10000 down. (this person is currently very sick with cancer and wants properties off his hands) that puts our payments around 3000 per month. that gives around 1475 "profit" which leaves rooms for repairs, etc. i have a full time job so this isnt my only income or anything also i have one rental so far which im going to sell rent to own and will make rougly 12000 off of that (rough property from county tax auction im selling for 20000 no interest) looking at this deal it looks like it will work out well however i love the advice of members here that are more experienced than me.