Excellent starter kit! The nice thing doing it this way is that you won't be wasting money 'upgrading' the cheap stuff with better stuff later (e.g., smaller pot, plastic stir spoon, etc.).
But I hope you realize that you are now well down that slippery slope! Soon you will want 4 more carboys, a mash tun and grain bag, a kegging system, etc. etc. etc.
Welcome to the obsession!!!
