You also want to make sure your not getting water coming up from the ground(if so you may need a sump pump installed).

In this category I have dumpster/dump costs, Plumbing, Electrical, Furnace/Boiler, Ductwork/Baseboards, Central Air, Water Heater, Electrical Materials, Plumbing Materials and Misc.

I recently acquired a 3.53 acre vacant lot located in a county industrial park with easy access to power, water, electricity, etc. 

Over the winter I had a water pipe burst and if you need to do the 1hr drive at night to turn off the water and deal with the issue in the morning, even that isn't that bad. 

The association's policy does not cover flooding.In the lease, tenants acknowledged they are strongly encouraged to hold renters insurance that covers flood damage.The property itself would not sustain much damage even if it had 5 feet of flooding - $300 damage tops.However, I am concerned about the surrounding area making it unsafe for the tenants to travel into the unit.

What if something happens and they get hurt or damage the property, you would be negligent.

I see loose wires in the bathroom that will need GFIs, one closet door missing, boarded up back door and window, broken glass on the floor at side of house, a porch roof that looks damaged. 

what type of waster water treatment system are you looking at??? 

Don't commit to them just let them know your testing waters and are about to jump in this beautiful game.

City garbage / water ?