As it happens, very little interest would have gone out the door, given the low interest environment!

The option to buy a equipment that can yield a return, the option to buy rental property, the option for either myself or my wife to stay home with the kids, or even just the option to leave an abusive, negative work environment and not fear bill collectors.

You'll learn a lot just by being in the environment.

Color is relative to its environment.

Hagerstown you might.Keep in mind though that a 10% cap rate in today's environment is likely indicative of a high risk property.

Still look for a deal and don't over pay but really the term 'overpaying' for a cash flow buy and hold investor is obviously determined by what you pay compared to market pricing but MOST importantly what you can cash flow... if you cash flow only $100/mo. then yes you overpaid (in some markets) if your cash flow is healthier then you should be okay in the long term so long as you don't sell during that time and you are fine not needing to refinance during that time.

I was wondering what kind of warranty return I might expect to see when the 3 year comes up and most likely we are in a rising interest rate environment. 

Conversely, IMO, if they DO WORK, then the environment doesn't matter all that much.Yeah, I'm asserting that California issues, Class {b,c,d}, the street appeal, and your exit plan can all be factored into some $$ value that leads to a go-no-go decision on the REI. 

To break it down very simply, architects see buildings as environments for people to house specific activities while real estate professionals (developers) see buildings as investments. 

@Andrew Michael  your are exactly correct the PUMP and DUMP due DILIGENCE schemes are rampant on sites like this.think about it  is there a more target rich environment for scammers than BP a site that is loaded with first time folks who even make post that they are first timers and new investors .. what is a very innocent post turns out to be a lead for a scammer...