I just wish I had funds to purchase more but can't compete with 420, offshore, OO etc. 

Another downside of multi family is that you’ll probably be competing against cash offers more often....but both strategies can work.  

New builds can limit your near future exit strategy some as you could be competing with the builder's inventory.  

The problem is I have no idea where to start other than BP, the only reason the two businesses I have now work is because of two key players, without them I only have my day job and that's not the point of the exercise.  

Don't compete on price.

@Brady Aman nothing new, here in Ohio we have been competing with out of state money consistently since about 2010 or so!

A downside is that Emerald Island's amenities haven't been updated in a while and a property there will most likely need updating to compete with other 7 bedroom houses in the area. 

Even some big players are closing significant amount of stores globally.

However you should be seeking the advice of a competent real estate attorney and someone who understands the tax ramifications of doing what you want to do.First of all, why a quit claim deed?

Using the physical letter with an offer to compete with someone else for a serious price.