This pursuit of perfection can lead to analysis paralysis, as it becomes challenging to find a property that meets all criteria.

Or when did real estate create so much money that I can completely step away any active pursuit in real estate (flipping/rentals/syndicating deals) and become a full time passive investor in other people's deals?

It sounds like you're way further ahead than most given your pursuit of knowledge and leg up on saving $$$.

"The relentless pursuit of perfection" In practice this can mean a lot of things, and it's hard to define.

Since you express a renewed interest in buy and hold as well as wholesaling, i added the below links.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)https://www.biggerpockets.com/renewsblog/2014/10/09/getting-started-real-estate-wholesaler/ (BP Podcast 091 Wholesaling)https://www.biggerpockets.com/renewsblog/2013/10/31/wholesaling-podcast-mike-nelson/ (BP Podcast 042 - wholesaling)To be more successful, you simply have to work on the other elements to progress your REI pursuit.

James, there are a lot of ADU design-and-build firms in LA competing for business right now.Google to find a few, then call your favorite 2 or 3 and ask them to come out and assess your project.They'll gladly do it in pursuit of your business, and you'll get all the information you need -- free!

Doesn't hurt for you do more research on it for yourself if you still want to pursuit because if you can get it done it's awesome thing.

Market conditions are ever-changing, and delaying action in pursuit of an elusive moment can lead to missed chances and a stagnant portfolio.

I don't ask these questions in any other tone or spirit other than in the pursuit of better understanding and experience for my future ahead.If any of this violates any rules or etiquette,  please inform me immediately and I will take whatever steps necessary to correct the situation. 

This pursuit of perfection can lead to analysis paralysis, as it becomes challenging to find a property that meets all criteria.