There is always demand for them considering rising interest rates. 

With such a diverse local market/economy, do you think rising interest rates will slow down buyers and force them into renting or will buyers see the benefits of owning in the DMV beltway area for long term?

The market is only going top weaken as time goes on and interest rates rise. 

Areas like Plant City, Lakeland, Winter Haven, etc are expecting to increase in popularity as pricing continues to rise in Orlando and Tampa.

I also Do Not buy the typical C- and D class properties chasing higher cash flow, those properties will not appreciate at a good rate, I'm getting cash flow between $200-$300 per door on Class A and Class B condos, this has worked well for me and I get great appreciation.Some of the other thinks I look for beside being in large major metropolitan cities are:1) Choose condo buildings that are low-rise or mid-size, Since the HOA dues contain cost to maintain the common areas, the less common area the less the dues.2) Make sure the HOA Board reflects a minimum of 12 month leases in the bylaws, this means they've already addressed renters and have agreed on the line in the sand.3) make sure you're on the Board or at the very least attend every meeting to vote on this that may change your investment.4) Only do major metropolitan cities to increase your applicant pool, I've been doing this since 2003 and I've never had an empty unit more than 1 month.5) Don't try to compete with the large apartment buildings with large pools and gyms.

Something along the lines of "I totally understand why you dont want to leave as the market is hard out there and prices are rising and we dont want to feel like your in a place of being homeless, but we both know you have breached the contract by smoking inside and I hope you can see as landlords that puts us in a tough position especially going forward. 

The best shower valves let you control the volume by moving the handle up and down and control the temperature by moving the handle side to side.

There is no right or wrong.For me however, Timing is everything, if the market is softening my approach is take the money and run, find another rising market. 

No one can predict how far it will fall, time will tellAll to their own,  I prefer to buy in rising markets, easiest way to make money

For example, if the property was purchased for all cash, the owner would save the interest rate on the loan...not a rate higher than that...and it does not change with the level of the down payment.Paying down a fixed rate 5.5% loan versus investing the funds in a 2.0% savings account would net 3.5% savings (and it would occur in a rising rate environment).