I just don't see it.There's a large shortage in the housing market as housing starts are at HALF the rate of what they were pre-bubble  (950,000 per year vs 2,000,000 per year)HELOCs from 2006-2007 show pressure, but equity increases in a good market are allowing home owners to refi second mortgagesRates will remain low for the foreseeable futureLow rates and climbing prices create incentive to enter the housing marketBank regulations are preventing the reckless lending practices that were driving the last housing bubbleI say we have at least 5 more years or nice appreciation and low rates. 

I assume it's all yours now if you were given the keys to the house but I might try to contact the heirs as a courtesy and to prevent bad blood

The estoppel does prevent the seller from giving you less than what he is stating there, so you should be getting the $900 as they signed to.

I was looking up a potential lead and on the tax assessor's site under "Land Class" was the phrase "Encumbered or restricted by easements".Would this prevent me from getting it under contract? 

Does he know that will prevent your home from having utilities? 

I'd say the reason investors don't CYA is that they don't know, it's just another aspect of not knowing what can go wrong and not knowing how to address measures to prevent future problems.

It just sets on top of the tank top and prevents major tank rock and gives you a nice surface to place items on.

Allowing me time to "safely" do my due diligence with the prevention of contractors I work with to go around me.Now i typically don't do option agreements with everyone... only stubborn sellers that aren't sure what they want for their property.

Based on the inspection, I had parts replaced to prevent leaks and water damage.

I know I cannot buy them directly because the "self dealing" rules prevents me from buying as a disqualified person.