For topping, sauté apple slices in butter over medium heat until tender, about 15 minutes.
Add sugar and cinnamon and mix thoroughly; set aside.
Cook bacon until crisp; place on paper towels to drain. Crumble bacon and add to apple mixture. Set aside and keep warm.
For pancakes, place water, Krusteaz Professional Buttermilk Pancake Mix and cheddar cheese in mixing bowl. Mix with a wire whip for 30 seconds or until batter is smooth (don’t over mix).
Scale batter using #20 scoop (1.7 oz batter) onto preheated, 375°F griddle.
Cook pancakes 10 minutes on each side. Turn only once. Serve with warm apple bacon topping.