Quote from @Jacklyn Robins: Sorry, I clearly misunderstood your level of experience.

For example, Clearwater FL (famous beach and Phillies Spring Training) does have a 30 day minimum on rentals, making it essentially impossible to have an investment perform well. 

Mostly California but at least one east coast state in famous for it as well. 

Here are a couple of developers you should take a look at Trion Properties, their principal Max Sharkansky posts here on BP, https://www.biggerpockets.com/blog/top-5-markets-multifamily-rentals-2019and Feldman Equities out of Tampa (3rd generation real estate family famous for having built the terminals at Chicago O'Hare) who are among the only ones opening up downtown skyrise office buildings to accredited investors.

Quote from @Jay Hinrichs: Bruce there is also that famous case in San Fran  in the Seacliff area of 5 to 30 mil homes and someone bought their right of way on a small private street and were trying to block them off and then of course sell it back to these folks.

@Jack Cottrell"I haven't seen the property in person although my realtor has been there"famous last words.sounds like @Caleb Brown can offer a ton of value here - i'd connect with him

But those who do know can make some pretty spectacular deals.There was a famous one in CA.. as these rules are alive there.

Maybe you misunderstood what that CPA said.

To be fair it's possible that the home inspector explained that it's not up to current code but that it doesn't have to be, and the buyer/ buyer's agent may have misunderstood that to mean there is actually a problem with the deck. 

A famous quote: Do unto others as you would have them do unto you” is commonly known as The Golden Rule.