In other words the subject property owner's tenants benefit from that property that subject property's owner does not own (and thus pay more in rent, vacancies will be easier to fill, etc).

Also any cost that I may need to consider to pay upfront other than the land it self (i.e. survey, permits, etc)? 

We simply mastermind together quite often and stay in touch about the market place, best practices and other real estate and management opportunities.  

If these were good, on time paying renters why would a seller sell and why at 70K below value? 

Now you need to figure out how to find deals and pay for them.

In MN and NV I pay less than market with my PM.

and if all else fails simply call the state division that controls real estate lending and ask them.. 

Whereas the neighbor's insurance company or the neighbor may be found responsible for paying future damages caused by their trees.I have a rental house with two neighbors large trees overhanging on both the side fence and also the rear fence encroaching toward my newly re-screened pool cage.

It's a very unique investment in that I have to pay for all the utilities but the income is very good when the house is full.

I'm assuming the insurance company wants to pay put the least amount possible.