We've found they often attract a stronger resident/people will treat them with care & stay longer as it feels like they have their own home. 

You get higher rents and on top of that because tenant mix is stronger usually with national tenants you could then likely sell at a lower cap rate for a higher price point value.

I would think, on the other hand, those effected properties will have a signification price / value drop so you might be able to get some from those who just don't want to deal with that or just walk away.I'm a long term investor (10+ years) so i would worry about global warming, sea level rising, stronger storms and more flooding so i would probably avoid areas that was historically effected or might be effected in the near future.

To be honest, that giddy energy hasn't diminished one tiny bit and has only grown stronger.

I am just trying to get stronger at this everyday 

So in short, I agree with everyone else who has responded in saying that overpaying for a property is a bad idea, or even offering to overpay in hopes of having a negotiating point later.I'd say wait and be patient to put yourself in a stronger and more stable position where everyone can win.

@Peter Hanson...yeah nothing really cash flows in the whole SoCal area from what I've seen..plus there is strong rent control with the threat of it becoming stronger on the upcoming November ballot. 

The 2nd offer is stronger than the first.

Maybe others will have a stronger opinion on this.

It will become stronger the longer you have it.