Just as long as I have the sufficient amount of money in my account already?

I properly allocate a percentage of the overall rent to expenses like CapEx, vacancy etc, but on top of that, how much should you have set aside in order to sufficiently cover any unexpected expenses.

Would having good insurance be sufficient for someone in my position or should I just consider continuing with more passive forms of REI like syndications/funds/crownfunds?

On the north side where I work, I am much more concerned about loan limits and the self sufficiency test (only for 3-4 units)  I think in all my years working exclusively with 2-4 units only once was something triggered by the FHA inspection, and it was a flat roof the seller sealed off access to decades ago and hadn't been up there to even check on it in 20 years. 

Another thing to note is if its a 3 or 4 unit, it must pass the FHA self sufficiency test, which at times, makes it harder to get loan approval.

If you try, either you won’t be able to provide sufficient cooling on hot days or you will freeze your evaporator.Good luck

Especially, since you don't have your exit plan(s) sufficiently defined.

California Civil Code 1189(b) provides that any certificate of acknowledgment taken in another place shall be sufficient in this state if it is taken in accordance with the law of the place where the acknowledgment is made,” according to the SOS statement.”https://www.nationalnotary.org...Appears you could find a RON from another state and have it done that way.

I do not think there is sufficient lease violation going on for you get an eviction.

Not being able to raise sufficient capital to close all of the deals that you actually want to close.