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My questions is, does anyone have any tips for effective link buying?
Don't treat it as a commodity. Instead of looking at it from the "thousands of links" perspective, look at it from the "Q" viewpoint. Ten (10) high quality links will typically trump a hundred (100) low quality links. So instead of going for volume, maybe change the strategy and seek out those that are worth ten (10) times as much? It definitely cuts back on your link management and those higher quality links tend to stick around a bit longer so you're not having to chase them.
Slow and methodical is the way to go. Never do anything in bulk these days, too many risks involved. The radar is more fine tuned than it used to be. I'd also say that if you were searching for these high quality links they may be a bit harder to uncover. The really good ones are usually underground, off the radar, and will remain that way for quite some time. You'll definitely need to have something linkworthy in most if not all of the "Q" instances.