So the PUE is considering routes for power lines through Round Rock and a few of the proposed routes are along a street adjacent to ours.  

All the store fronts are empty and need to be completely renovated (plumbing, electric, heating, renovation). 

you had lights on your list, does that mean the Electric, have the students pay for the electric, i do that with my Student rentals.

I'm looking to build my power team.

AND you must maintain adequate reserves to take care of the disasters that may happen.I agree with all the advice you've been given in this thread, and its a very powerful group of people who have advised you here.

@Royce Talbo, et al,Remember to take into account the time value of money.Inflation means costs go up while the purchasing power of each dollar goes down.You also mentioned (medical) insurance.

There was about 5K of work that needed to be done. ( I was just instructed to send money, never really got a quote of what that money was for, but the general list did not include any major renovations, just things like painting, some electrical work, cleaning up, etc)  It is now almost two months later, and I don't believe they have even begun showing it to tenants!

Also how far away is power?

The roads of the world are paved with good intentions and the reality is that money is a powerful motivator.

For example, if I can run water/sewer and electricity out there, insulate the walls, add some windows, drywall, finishes, and appliances for $30k-$50k, that's less than any unit you could buy anywhere in Portland.