Those concerns are totally valid.

You want to stay in the loop, know what's happening at your property, and address any concerns pronto.

Sounds like it could be a decent LTR situation, but you answered my concern on if a STR would really stay booked enough to justify a purchase.

I do not hold any actual real estate because I did not want to be concerned with being less fluid.

I also received a letter from the county saying that my property is in violation of several health and safety codes. 

Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors.. 

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

Condos are cheaper than houses, and to my mind, a vacationer wouldn't care much about staying in a bigger place for their short stay, and would be more concerned with a good location and a nice view.Thoughts?

If there is "still contamination" at any level, I would be concerned about that and pass on the deal no matter what.

The best banks that I have found based on your main concerns are smaller, regional, community sized banks.