I also recommend, for new installs, to disable alerting for everything except faults. Then add alerts in as you become more familiar with vC Ops and as the normal behavior becomes more established. If you want, you can simply disable alerting for VMs on capacity remaining. Look under Configuration > Manage Policies > Default Policy (assume you are using the default) > Configure Alerts and un-check the capacity/time remaining for VMs at a minimum.
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