While proximity to developing scenes and amenities suggests upward potential, the nearby "war-zone" area could raise significant concerns regarding safety, tenant quality, and property value stability.

The tenants have a new home building nearby and the house is supposed to be closed in September.

In Denver, that's any of the numerous areas that has bars and restaurants and shops nearby.

I always make tenant do it as a hand off a property and recommend they do it on move in day while they are there to react if something goes wrong, having a water key nearby.  

Yes, you make an excellent point about Puerto Rico not being as big of a vacation destination as some of the other areas nearby. 

For context around our area…population is less than 200 in our immediate area, nearby is 2,000ish, and closest metro area is a little over an hour.

For example In Norristown PA, a nearby not good area, section 8 will pay $1300/month for a 3-BR, whereas free market in that area would dictate something closer to $700 perhaps.Paying for tenants is likely on the edge of legality, but I can understand the motivation.

Our wishlist includes a view or access to the ocean for surfing and at least a nearby marina or launch for a boat, although our initial target area is in Rincon. 

It's a very nice area as I live nearby and within a reasonably short distance, there are expensive homes that are very nice, , but also some that are small. 

That = stockpiling cash.....