Never had a problem with home etched so far either. I've gone down as far as 0603 with one or two components, but it gets tricky. I actually really enjoy SMD work, I find it very therapeutic.
Thogh to make thing a little simpler I've just got some solder resist film to test out, and as I don't have a design that's ready to etch, I thought I'd knock out some discreet component breakouts to use on a breadboard so I can progress with my current project (the one drawback with SMD that, can't use em on a breadboard as is).
One SMD soldering tip is to warm the PCB prior to soldering as it will help with ground planes lacking relief vias (only really works with solder resist layer PCBs mind).
For our many legged little friends, lots and lots of flux and a wick on standby (I use BLT no clean liquid flux).
You can get away with minimal tools after you've had some decent practice, iron, flux, wick, tweezers and a glass/magnification. I've been soldering for nigh on 33yrs now and only occasionally reach for hot air.