We've rented from VRBO a couple of times, and this time we are renting in Indian Creek! I'd still say look at the reviews, and if there aren't any, ask lots of questions. Some times you can find reviews of the management co itself.
Indian Creek isn't gated, but it's a nice area. We stayed in Emerald Island last trip, and that's just up the street. I did a search on this site and found only good things about Indian Creek. We don't use the clubhouse or resort amenities anyway, so Indian Creek works for us.