Between technology, the media coverage and the settlement itself, while the vast majority of sales will probably still be on market (MLS itself could have some issues going forward as a result of this settlement) but on the margins there will be an uptick of fsbo, of discount brokerages, again it won’t fundamentally change the majority of transactions but I expect the housing market to get even weirder than it already has been the past few years.

Ocala and Palm Bay are two areas that are a little saturated because many investors have been buying in those areas, but generally speaking I would say the bigger issue is finding properties that cash flow without a large down payment.  

Just debating to do it or not because I don't have any issues and don't want to pay $5 a month and have to constantly go check my mail at the post office. 

Some investors / flippers of very inexpensive vacant land do self-close, where the cost to close with a title company (most often requiring that you purchase title insurance, which comes with a minimum cost just for issuing a policy) approaches or exceeds the monetary value of the land. 

Buying as a primary allows you to put as little as 3.5% to 5% down.If you do have any issues with the business down the road you can always use a DSCR program which allows investors to buy an property without having to show income or employment.

any legal issues I should know about?

@Deonte Hill-  thanks ...trust your instinct ....yes - massive red flag . unless you have unlimited cash to  address  unlimited issues - be wary 

Shortly after I was advised by the utility company that there was an issue with my water that is indicating there is a massive leak.

I don't have much issue with this sort of thing.

Make sure there will be no issues renting the home.