Minimally, I would request all deposits + proration of rents already paid.

I don't mind spending a little time talking to people and trying to assist them with their transaction whether I can be a part of it or not, but I would like to minimize the time I spend visiting properties if I can rule them out by asking the right questions.

Also 35% expense ratio could be legit if the building is in great shape in a high rent area, but for a long term hold including CapEx, you might want to double check those expense numbers.For multifamily, even in good blue chip areas, I personally look for a minimum of 7% combined annualized return since I get that with minimal risk today.

The reason that the house was shown "open-house" style is, ostensibly, to minimize the impact to the existing tenants. 

I'm in Ontario.I'm not incorporated.I see 2 main potential benefits to incorporating (I'm sure my accountant knows more): 1) tax advantages and,2) limited legal liability.LEGAL LIABILITYI prefer to minimize risk through insurance instead - mine and tenant's.I've only been investing full-time for one year so I'm not perfect.  

Maintain high productivity with minimal supervision and achieve deadlines without being micro-managed.

@Daria B. the costs were minimal, under $500 including changing the locks which I would have done regardless.  

Does this mean that if a Property is Insured, that there is minimal repairs that are REQUIRED to be down... under $5,000 worth of repairs needed, based on the bank sending out an inspector/appraiser , and them giving it an Insured Passable grade ?

This is not to minimize your impressive TK sales accomplishments, but lets face it....if Cali was not doing so well in RE....you could have much less business as you noted.

In addition to having some extra money at the end of college, he learned how to take care of a house and although he is not pursuing real estate investment now, he is more prepared than most.I am currently in a similar situation (graduate student with a minimal stipend).