Are you in a market where water lines could freeze in the winter if there’s no heat?

And I did buy 13 lot package in Henry county but it was all sewer and water.. smokin deal 3k a lot held them 2 years and sold for 35k a lot :)@Jay Hinrichs excellent advice - always appreciate your insight!

I flew there and walked the house, looked pretty turnkey rental grade): $1029 GFCI outlets, downspouts and guards, drywall, paint, bathroom vent$4615 (new AC unit since unit was stolen before tenant moved in, didn't file insurance claim because didn't want my premium to go up) $600 (water line, gas line, P trap)$60 lawn mowing$112  thermostat repairMy opinion is that Class C is better for local investors who are on site and know how to do repairs and self manage.

As a lender I can tell you that argument holds no water.  

Sounds like you stopped water which is most important.

- Do you want an ocean view, or is proximity to the water or to resort amenities like fine dining or shops most important?

Think on it, how much does $250mnth buy for a furnace, a/c, water heater, carpets, really any reno at all?

You may have a 1M policy, but 25K for mold limit.Cracked water pipe MAY be covered.

When looking into it, the basement had water damage that didn't worry us since we knew how to remodel that area ourselves.

I would build the big house and do a cool deck out towards the creek.