Note the other instances of ROI such as Dividend Yield, Interest Yield, Net Income Yield, Net Operating Income Yield (aka the infamous "cap rate"), these are all different types of ROI.ROI is a generic concept of how efficient an investment can generate return as such it is a concept that is applicable in investments other than real estate (i.e. stocks, bonds, etc). 

My biggest hurdle in all this will be the infamous analysis paralysis but I'm hoping at least my awareness of my proclivity toward overanalyzing will help me avoid it. 

Jacob, It seems by the clarity and context of your post, that you are a bright, concrete thinker.

While researching what real estate related books to read, obviously I came across the infamous Rich Dad Poor Dad.

I have zero professional experience that would make me know a damn thing about a market like this.Super cool that someone from the (in)famous Williston popped in, though!

Jacob - it's not normal for the buyer to pay the 3%.

Third - just doing some very cursory research brought me to the infamous north Texas squatter story and the obscure Adverse Possession law.  

2) Search here on BP for Morris Invest - infamous for selling Class C/D properties as Class A/B.

The language was added after we hired a certain home inspector who was infamous for his "over-the-top" inspections.

To quote the infamous philosopher Kanye: “what you think I rap for, to push a f***** Rav4?”