seek legal advise before signing anything, you will most likely need a clause in the agreement or as a side agreement to transfer the rights to the claim.

Every income property has two separate income streams, one generated by the property the other by your cash/ equity.Buying cash flow today costs twice as much as the prevailing mortgage interest rates based on the opportunity value of money to investors. 

Many investors also don't/can't add value and, therefore, can't absorb the correction and generate a positive return.My comments are geared more towards cash flow than market value plays.

Any suggestions or advise would be awesome?

In addition to the checklist, I would also request the following:1) background/credit check, similar to tenant screening (need advise on application to use)2) pre approval letter from bank used for refinancing3) referral from current lender and past lenders (not sure if this is typical?)

Any advise will be sincerely appreciated.

I talked to local real estate attorney and he advised me I 100% have easement. 

Give me a shout if you are serious I can advise you about potential mistakes.Cheers,Charles

Appreciate your advise as always.

In general they seem to generate more rent than regular rentals however they are more work.