I have an area in mind that is currently undesirable but based on market trends seems to be primed for growth in the next 5 years.Any advice on research I could conduct before diving in, or other avenues I could explore to start and build my portfolio would be greatly appreciated.

And limit your exposure to like 25k - 35k per deal.If you draw down enough money to finance a purchase and rehab with HELOC you can be in for 150k - 200k. 

I got a 4.75 rate 30 year fixed on an asset based loan in PCB, Fl.

I don't have the funds to continue development at this point, which includes the final plat and construction drawings.  

Mine is 20% pad ready land 60% vertical and 20% profit and overhead all based on gross value.

Based on the few details you provided, it sounds like a 90% LTV conventional vacation home loan would work. 

It was mostly based on the fact that the applicant just took it upon herself to have this RE agent and another program director ninja my showing to the tenant.   

I agree not to pursue eviction based on rent amounts reimbursed by these funds and agree to dismiss any pending eviction case that is based on or seeks to recover the reimbursed arrears.

The insurance check is based on replacing asphalt shingles.

People die all the time holding RE and when they do, the value of the RE gets re-based at current value and the gains are never taxed.