Waco is exciting and there are homes moving quickly but there are so many ideas which have not been implemented.

IMO you should first identify a trustworthy person you want to partner with, set up an agreement that reflects your expectations from the partnership, the strategy you would like to implement and the financials (expenses and revenue).

I have security monitoring through a company  that uses the Qolsys IQ Panel in conjunction with Alarm.com, and this works as a Z-wave hub for multiple products including security, wifi thermostats, electronic locks, lights, smoke detectors, carbon monoxide, freeze detectors, and more in the future I'm sure.

I am thinking like you, I do not plan to ever sell, but if you do there are multiple tax strategies to reduce any possible taxes such as a 1031 exchange or the capital gains exemption.Of course a good tax lawyer should always be consulted before implementing any advice in these forums, including my posts.

Not a week goes by without 10-12 attorneys calling to refer their clients to us, or ask for help connecting with a regulatory law firm.There are solutions for those who feel it is worth the time and money to implement them to achieve their financial goals.

We see typically 1-3 % for acquisition fees (keep in mind money is spent by sponsor in due diligence that can be lost if determined not to purchase so some risk there for GP), 1-3% for asset mgt fee to manage the property manager and ensure the business plan gets implemented, disposition fee of 1% optional.

Once you buy the whole town can you try and implement laws allowing grocery stores to sell beer?

I know that this is not a get-rich-quick solution, but a proven strategy that works when implemented with diligent time and effort. 

Still learning all I can about different strategies and how I can implement them to create my own portfolio.

Showing them that you know what you're talking about, you've identified the risks, and that you're prepared to go forward to implement a solid plan will give your stakeholders a little bit more of a warm and fuzzy on your behalf.Hope that helps.