When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc. 

I wasn’t able to get insurance.

They are definitely responsible for starting the fire, whether utilities were on or not.If tenant has insurance, they should file a claim.

-Have you sold any of your section 8 rentals yet?

In many countries foreign investors buying rentals can't get loans or loans at all. 

I've navigated multiple rental property fires, nearly a dozen over the decades. 

I have home owners insurance should i buy another landlords policy as well?

Since you're wrapping up paperwork, make sure your lease terms are solid, get the right insurance (landlord + homeowner), and set aside some cash for future repairs.

A lot of the beach rentals down there are pretty outdated and don't provide many amenities.

Just withdraw it—it’s like a checking account.The Risks (Depends Who You Ask):A lawyer says everything can go wrong.An insurance agent says the same (so they can charge more).An engineer?