A buddy of mine invested early in that area, and let's just say he's not regretting it.From what I've heard, these massive projects tend to create ripple effects in the surrounding neighborhoods.

Myrtle Beach and its surrounding communities - collectively known as the "Grand Strand" - have garnered a lot of attention from the investor community over the past several years. 

@Chander SriAustin (and surrounding area) is in a correction, but has good long term fundamentals, so keeping it as a rental could end up making you a lot of money, it just might take a few(5-7) years. 

Tyler, Lindale, Canton and surrounding areas.

It makes more sense to seek out an honest and experienced real estate broker in the surrounding area, rather than directly in that specific location.

Quote from @Rajagopalarao Paidi: How much value goes down for a house with foundation issues, found a house for FixNFlip, they mentioned it has foundation issues and they got them fixed, but whats the value reduction from market price , How safe it is to purchase house like these Not safe at all unless you have an INDEPENDENT inspector who really knows foundation issues gets all the documentation from the seller and talks to the seller’s contractor and then conducts his own inspection of the foundation, house, and surrounding lot.

I'm curious if anyone has experience with how developments like these affect surrounding communities, particularly in terms of rental investment opportunities. 

I figured since it has been completely remodeled it looks a lot better the the surrounding comps going for that price

Like most advice surrounding passive investing, this advice may apply in certain cases but the answer really lies in due diligence on the sponsor rather than a broad-brush rule.As a longtime syndicate sponsor I've been funded by both HNW equity and institutional LPs, so I've seen both sides of this first hand. 

Hi Blake, My company manages properties for others in New London (and the surrounding area), specifically single-family and small to mid-sized multifamily properties.