Also what I have learned is that a lot of people will tell you stuff about pool cabins, but the fact is unless you have one, you are just speculating on what it takes to operate etc.  

I will use it as an instrument right now, especially for the houses I feel I will speculate on and cash out on the earlier end of the 8-15 year mark.  

Either that or people who are playing the appreciation speculation game.  

Guess I must've been really lucky like you and damn near every other "speculator" in our low CAP markets who bought and held for awhile :)

Is it considered too speculative for the intrinsic value of RE geared towards limiting risk?

Everybody likes speculate on how long the rally will last, how much steam is left in the market, and how bad next crash or correction is going to be.

Hi Joshua,I'm not as experiences as these other clever people, but I know it's a lot funner to play with money that you have in the bank and speculate on how to leverage that money than to feel the dread and stress of being underwater in debt, stuck trying to climb up to the bottom.

Or 18 will see everyone pile in the stock market, typical of speculative bubbles, and leave us life long r.e. investors with less competition?

For your specific question I'd have to ask why is the owner selling this particular asset with 7 yrs left on the lease and if the worst case happens, the tenant leaves, what will it cost you in terms of dollars and time to re lease the building.Wild speculation on my part, but the building may need some CapEx or the seller has some knowledge of the tenant's renewal plan that you don't.

Just about every new station people already thought and speculated in these investments.