It's about having a system in place to find opportunities for fix and flip, buy and hold, listings..... and then the occasional deal that you may assign or double close on

distressed properties do occasionally hit the MLS at a good price, but not very often.my second real estate purchase was out of state, it was just a cosmetic rehab and i had to make several trips up to corral everything and get it rent ready. 

This is why I like to handle things like this on my own or have my trusted handyman handle them if I don’t have time, and save my insurance claims for the real big issues that occasionally come up.

About the time you are tired of self managing and the occasional hassle, the season ends and you get a break.

Wholesalers, bird dogs, networking, MLS (occasionally there is a deal), mailers, SEO, media adds. 

Occasionally I see rural properties I think would work well. 

You are correct, small multi listings in A/B markets are less common, but do come on occasionally.

I have most of my tenants through local mental health/addiction services, and those tend to be better than the randoms from craiglist, as they typically have a case manager to check up on them occasionally...

I still have the occasional issue and it is fixed the first time usually.

I currently manage properties throughout Los Angeles County, and occasionally come across properties that aren’t ideal for long-term standard rentals.