It is possible to be comprehensive without bureaucratic bloat, in my experience.

Its common enough that I occasionally see houses for sale where they actually advertise that its already been set up as one of these.

Some schools also fill up in August, so instead of getting the school down the street, you could have a longer drive....so probably buying in the Spring is better if it is convenient for you.Every place has natural disasters, like we imagine fires, floods, mudslides, power outages, and more for CA, we do have an occasional wind storm or hail storm here.   

We typically do not rely on many of our opportunities coming from wholesalers, but that's not to say we're not occasionally interested in something they have to offer.In addition to scouring our farm area while we drive around to and from our properties, and looking at aged(100 day+) listings and new low priced distressed condition listings on the MLS, which is where many of our deals come from, we reach out to local agents in the area we're looking to invest and let them know we pay cash.

While we occasionally get seller concessions, it is not something you can count on.

I invest in non-performing notes, and occasionally need to foreclose on a property when we are unable to get the borrower(s) to re-perform or give us a deed-in-lieu.

At lease with MLS deals I can get lucky and find the occasional broker who doesn't understand what a cap rate is.

My pool is $125 per month for maintain, plus occasional other costs. 

MikeOH,Despite our occasional tustle, you are alright in my book!

That said, I would love to be wrong on both counts and happy to try to understand that market better as it would be good from a self-management and occasional use perspective.