I understand doing things initially to save money for the next property but in the long run one person will not be able to maintain and complete capital expenditures on 30+ units.  

I hope I am not hi-jacking this thread but I noticed another recent listing come up....3-4 Klondike Court....and 5-6 Klondike...Seems also to be close to college and buildings look well maintained...also seems to be within a cluster of similar buildings...Any thoughts on these?....

If you're not building it yourself, well then it's yet another expense that you'll have to pay and maintain. 

So if you travel for 300 days out of the year but have your stuff at your house and maintain all utilities and such would this be considered your primary residence per the FHA rules?

This building once fully rented should hopefully maintain similar performance.

This property was my first, I feel like everything went wrong there: 4 flooding, bad tenants, overbudget renos but somehow still came out ahead in an economic recession (given enough time, real estate is very forgiving so this property taught me a lot about what NOT to do.

All properties are occupied and well maintained.

There are those who maintain that your recognition of gain begins with depreciation recapture.  

I rehabbed and rented out the house but still maintain control of the large garage for my own use.

And of course, if you have no issue with posting the financials here for all to see, I'll simply respond back to this post instead.I love the fact that you're avoiding renting to maintain your current net-worth.