It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.

There are some services like Guest Ranger but we do not screen in the traditional sense.Make your house rules clear and make it clear they are enforced, then they tend to screen themselves. 

But enforcement and the nosy neighbor (or noisy tenants) could ruin it all.

I'm definitely informing law enforcement now.

It seems that all posters above are focusing on building code which is irrelevant decades later.Municipalities enforce the maintenance code in the present for preexistent structures.

And when you do a lease for MTR, you'll need to put that in the lease in case they stay through high season, spelling out exact prices for each calendar month, so there is no confusion and it is legally enforceable. 

In my market the buyer's agency agreement form (previously required but not often enforced, and many agents waited until writing a contract for the buyer to get it signed, and is now more strictly required prior to any showings) already explained this.

And even if the due on sale wasn't enforced you would be dependent on them making payments to the bank.

Quote from @Ashish Acharya: @Javier Molina California aggressively enforces its $800 franchise tax on LLCs deemed "doing business" in the state, including Wyoming LLCs if you reside or manage operations in California.

I also enclose below the text of the relevant section for ease.https://www.flsenate.gov/laws/statutes/2020/553.79QUOTE(14) A building permit for a single-family residential dwelling must be issued within 30 working days of application therefor unless unusual circumstances require a longer time for processing the application or unless the permit application fails to satisfy the Florida Building Code or the enforcing agency’s laws or ordinances.UNQUOTEThe previous link to the City of Cape Coral citizens portal lets individuals see permit details for a specific property address, the progress with applications, and if not using a private provider the status of inspections.