The poor valuations will be reflected in your appraisal which impacts what you can leverage elsewhere.  

My experience was my own and reflects my understanding of our interactions.

Reflect on what you envision for your retirement and assess whether you're prepared for the effort required to manage properties in a new market.

My answer is, right or wrong, I put lying about "other offers" as just fair game negotiations that don't really reflect on a person's honesty.  

We (appraisers) only reflect the market, based on available data.

There are obviously less considerations in a vacant land transaction than that with an improved parcel of land, but you still need to ensure that the material terms/conditions reflect your wishes. 

I am assuming the $500/month neg cash flow is projected with underwriting that reflects all anticipated costs such as maintenance/cap ex, vacancy, pm, taxes, insurance P&i, misc.  

We're trying to fix that problem so actual results reflect the will of the people.

It serves as a reminder when they think they've escaped consequences, and it reflects on their record.

Cap Rate is essentially the value given to a property reflecting the risk involved in the investment, which is expressed as a percentage usually between 4%-12%.Okay so what does that mean and how does that reflect the property value?