Once comfortable with an investment, start investing (not the whole ball of wax), but 20% or so into an area and see if it is really fits the personality and desires.  

This campus hosts a large Magnolia home goods store, high end furniture store, cupcake bakery, coffee shop, gardening shop, live music concert venue, large grass area with toys and balls for kids to play with, an open plaza with eight food trucks, a small baseball field (that Babe Ruth once played on and families can now play on for fun), a restored historic chapel (the oldest chapel in Central Texas), and six boutique shops with men, women, and children's products.

That's a CRAZY low ball offer!

There are a few items I have no idea about, I'm hoping someone here has some experience in the field and can provide a ball park means of estimate 3 costs:1.

I understand nobody has a crystal ball, but any feedback would be greatly appreciated. 

@Andrew Ball, there's some slight confusion/miscommunication here.

Not sure what the layout looks like or location - but in a solid location, which I'm assuming since it's an STR, you should be able to in the ball north of $800-1000 per room and even more so for the rooms with private baths.

According to her, her attorney really dropped the ball. 

Or the dollar devalues, to be more precise.  

Your points are precise, and show an obvious disregard for the investors by the sponsor.