The property owner will certainly be responsible for Repairs, and handle leaks, structural problems, issues with systems like HVAC and electrical, etc...

According the owner's numbers, the building utilities average out to $134/mo for electric/gas, sewer/water and trash.  

Make sure you have enough electrical power as well - gotta juice all those devices!

Under the 20-year power purchase agreement we have to pay SC for electricity usage at fixed rate per kWh escalating every year.

I think you need to plan on carrying some pricing for plumbing, electrical and even HVAC.

trying to keep the positive energy flowing!

Barb wire with or without electricity = bad neighborhood

You want to make sure you are sending mail to people who have equity, price range you or your buyers will be looking for, area preference and sellers that may have some level of motivation so you are spending less time, money and energy to get deals done.

Zillow estimated value is $767K and will sit on 2.9 acresLot 2, 3, & 4:  Comprise of 2 acres each.All lots will include water, cable, electricity and ocean views.My dilemma is whether or not to build a spec home on the vacant lots and sell them for a higher end value?  

You need to be licensed for stuff like roofing, plumbing, electric, etc.