Add warning for v3 out of support. Fix incorrect build message.

[jviau]

Issue describing the changes in this PR

resolves #issue_for_this_pr

Pull request checklist

• My changes do not require documentation changes
  • Otherwise: Documentation issue linked to PR
• My changes should not be added to the release notes for the next release
  • Otherwise: I've added my notes to release_notes.md
• My changes do not need to be backported to a previous version
  • Otherwise: Backport tracked by issue/PR #issue_or_pr
• I have added all required tests (Unit tests, E2E tests)

Additional information

Fixes the function version printed when defaulting during build. This also adds a warning for functions v3 being out of support.