This requires about seven permits to shut down a four-lane street for over a week, with an estimated cost of $60,000 due to the need to dig 12 feet deep.I’m reaching out to this community to ask if anyone has faced a similar infrastructure challenge or has experience dealing with such extensive utility work.

Are you within city limits and are building permits required?

This would require you to each report your share of the activity (depreciation included) on your individual tax return according to ownership %. 

Keep up compliance with all legal and regulatory requirements for LLC ownership, such as upholding state law duties, filing yearly reports, and keeping separate financial records.

Also I would make sure they are insured and if the work requires a license, they carry proper licenses. 

Personal and Professional Liability - Florida’s premises liability law requires landlords to maintain their rental property and protect their tenants and their guests from harm.

I agree with you 200% Mark,The times have changed and I'd argue only 1% of people who are "hungry" are actually hungry to do the work required to be successful in this industry.

What is your required rate of return?

As a contingency of sale we required this unit to be vacated.

Even though it may require more work overall, it is incredible that a single investment can create enough income to retire.