Also, check out if there’s any new development or improvements happening nearby, as that can boost property values.

It all depends on your specific circumstances and I think getting other's opinions is helpful but what works for YOU?

I have experience in single family fix and flip, 1-4 family rentals, small apartments (10-30 unit), 100+ unit apartments, development, commercial retail, industrial and office.

Speak with the director of development (they're not always titled that way, so just ask for whoever deals with area developments, new construction, rezoning, etc.) to ask if they'd be supportive of your plan.

On the investment side there are quite a few elderly people in very bad circumstances.

It's our least developed beach.

What were the circumstances surrounding these claims?

Wonder what they charge developers to access their capital resources.   

Buying turnkey rentals, you are generally paying more and allowing the provider to capture the profit from developing the property.

Don't wait for problems to happen before developing a solution.