If the mechanicals of the home (plumbing, electrical, roof, and HVAC) are all centralized to a single unit, I think your home inspector stands a much better chance of spotting an issue as opposed to a multi-unit with multiple independent systems that may or may not be accessible due to tenants.As for closing costs, try to push the closing date until you have the funds available?

Are the mechanicals (furnace/boiler/water heart/appliances/etc) of the property sound or are you going to be making an investment in these in the near future?

One thing that concerns me about the BP Forums/Podcast is there is too much emphasis on the success stories, not the failures, and most of the successes were post 2007 when everything has been on the upswing.

BTW, a very good way to begin understanding the terms and mechanics of buy-and-hold analysis is to use the calculator and learn every calculation it is making.  

I'm also rebuilding a little 50cc ATV with the kids to attempt to teach them some mechanical skills and the final parts came in last week.I welcome any advice any locals would have and am excited to be a part of the BP Family.

The mechanisms, documentations, effects, and opportunities are the same for SF, MF commercial, raw land - any kind of real estate. 

Marketable title is one that has "manageable" encumbrances that can be cured prior to closing, examples of such encumbrances would be a mortgage, mechanics liens, municipality or code enforcement lien, etc. 

Yes, it is very real.....but almost all states have some form of mechanics lien laws. 

I may even go one further and compare a fine motor mechanic to becoming a carpenter or rehabber. 

I have a solid understanding of rehabbing and mechanicals having personally renovated our current house, so am hoping to handle a bit of the value-add and maintenance on my own to reduce costs.