I'll definitely bring water usage up.

That sounds like a much more resonable refinance rate and would definitely increase my return (~64%)4.)

Definitely smart on how you're searching for an agent that understands this.  

Definitely up, so the gamble on rates cannot go your way.I had one ARM in the past, and it went my way when it adjusted, but only because the market collapsed.

I laugh when a guru or investor uses the term "buy under market value" if the seller advertised on the market, the sale price struck IS the market value, so look up the definition of "real estate market value"!  

The seller definitely wants to get out from under this property as he offered seller financing right away.Any tips or suggestions on things to look for during a walk through where there is no utilities on?

BP is definitely LOADED with very valuable information and I can't thank @Joshua Dorkin @Brandon Turner and everyone at BP enough for putting together such an incredible network and community.  

I realize that everyone is going to have different input and advice based off of their experiences, but I'm looking for assistance as to whether something I'm including is a definite NO NO, or if something should be added in for increased impact. 

@Steve Vaughan Leasing is definitely not for everyone and thats a great point.

You should definitely consult your lawyer.