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

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.

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.

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

He would pay my mortgage payment and assume all responsibility for home maintenance until such time as he can qualify for financing. 

what happens with the initial scope of work and the company that's funding me?

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.

Their father agreed to pay cash for it and my friend and I are now paying him back over the course of 6 years.