Sam - What an excellent post. Obviously you experience in this area allows you to see past many things that I (or maybe several of us) would not have seen.

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There is lots of due diligence to do so take your time and be thorough!
This is an important statement. Doing the due diligence and being sure of your facts is a key. We recently purchased the building were we have been for the last 7+ years, paperwork and legal side of this was much bigger than I could have imagined. The purchase involved other rental agreements in this building, plus a house and other building on the 2 lots. Needless to say I learned a great deal through the process.
Joe