I define large multi's as greater than 100 units, although I buy 200 to 400 unit deals, the larger the deal the better economies of scale and you are able to spread the operating costs across more doors to mitigate risk.Good luck!!

So I never felt bogged down on them calling on every little thing.Now, the issue can be mitigated if you rent to older more mature tenants, preferably blue collar folks.

But to access that he's got to live in it for two years.So there's two paths for tax mitigation for him at this point,  One would be to move out and rent it for a year, sell, and 1031.  

I'm trying to understand those risks and mitigate them as much as possible.

Do you have specific concerns about your market and, if so, is there anything you can do to mitigate them?

Should you start doing showings to mitigate their damages (emphasis on the "their")? 

Instead, I'm using it first to ensure (in the following order) (1) that I have enough funds to cover capex or whatever other problems or at least mitigate against huge amounts, then (2) ensure that I have enough to cover property taxes, insurance, and a small loan I took out to make the purchase.After that then I will dedicate the leftover funds to making another purchase/investment.

At this point he doesn't have those tax mitigation issues.  

I would contact the contractor and see if they are willing to help you mitigate the damage in your unit. 

The contract I am filling out breaks down closing cost as followed:Seller Costs: 1) Taxes on deed. 2) Recording fees for documents needed to cure title. 3) Title evidence (if applicable).Buyer Costs: 1) Taxes and recording fees on notes and mortgages. 2) Recording fees on the deed and financing statements. 3) Loan expenses. 4) Title evidence (if applicable). 5) Lender's title policy at the simultaneous issue rate. 6) Inspections. 7) Survey. 8) Insurance.