They have been around long enough and are large enough that their accounting should be ironed out.

Ironically, yesterday, my wife and I booked a trip very near Naples so we could relax, plus check out the area for future investing, or maybe a potential move down the road. 

I usually gut bathroom to studs and have plumber replace any galvanized or cast iron plumbing with pex and pvc, make sure exterior wall has insulation and plastic, check my wiring and move if necessary, install new fart fan, new drywall, tub, vanity, medicine cabinet, towel bars, usually run tile from top of tub to ceiling, new toilet, vinyl plank flooring.

It is ironic you are saying I am immune to "simple rational explanations" and yet your response was way long and confusing. 

I need to elaborate a little more about the cons for out of your area investing.CLOSE TO HOME - When you invest close to home you get have the opportunity to screen and your tenants, the opportunity to do personal inspections to see whether or you 10 times the number of people are living in your unit and you have the opportunity to inspect your units to make sure your tenants are not destroying your property.OUT OF YOUR AREA - When you rely on someone like a property manager or friend to manage your out of area property you should try to understand that property managers have many irons in the fire and if they do bad things to keep your books in the green.

It's ironic how we were taught that if you didn't go to college you'd be a nobody and be financially ruined.

Unless it's a new build you are probably dealing with a 1920's-1940's build, all of which had knob and tube wiring and cast iron plumbing.

Is the home and older one where a free standing cast iron mailbox on the path to the house would grab people? 

While no agreement is iron clad, when there is a dispute/disagreement I want to be able to share that with a guest. 

From my limited belief, the law technically covers double closes this but as @Irfan Raza stated there has been no REAL enforcement, if anything it is just causing doubt in newcomers in the market which ironically was the starting motivation of this thread.