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 basket has produced huge bounties over the last dozen years, but there are signs that the golden goose may be taking a siesta.   

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

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.

The camera's are golden, it holds everything and everyone accountable.  

@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. 

Went to school 20 miles from the Canadian boarder where it was regularly -20 degrees in the winter, and we'd still rather be .2 miles from the bars & well over a mile walk/ drive from the actual school.I do see a lot of first time investors thinking that student housing is going to be their passive golden ticket, but quickly realize how much work it really is.

The way more challenging part is #1 finding the deal of course, #2 finding great contractors that would take on this type of project with payments to them working through installments, #3 finding great terms on your refi.My advice would be to look aggressively for #2 and #3, so if you do come across the golden ticket of #1, you are ready to pounce.