@Kalhan Bhan Hi Kalhan, as long as you pick the right property in the right neighborhood at the right price, the age of the house shouldn't matter.

(I am reading and studying as much material on the matter that I can find.)

He seems to find a good deal no matter what.You might want to give a look at local monthly meetups (one in Mission Viejo and one in Yorba Linda).Also, might want to look at Fund2Flip app.  

For myself or other investors with a few properties it doesn't matter as it all averages out.

Its nice to throw in and matters to a certain extent, but the monthly income generated is paramount.  

Someone will claim that they're out of compliance and there will be case law developed around this matter.  

Any thoughts on the matter? 

I came to explore Bigger Pockets, looking to network with like minded people to talk about what they're seeing in real estate, where you think we'll be in 2 years and get advice and help out when I can on real estate matters.  

This may be where the problem lies, no matter how close I am with my old friends if they're not interested in R/E then they're just not.

That's a matter of long term strategy to avoid ever increasing insurance rates due to hurricane risk factors.