Here are some considerations which i took to resolve a similar issue that I had:
- Port 22
- IGW (Internet Gateway)
- VPC
Scene 1> This is for port 22 not enabled with right configurations. If the port is set to custom or myip, the probable scene is this won't work.
Scene 2> When you delete the internet gateway, the network is created and the instance will be functional too, but the routing from the internet will not work. Hence make sure that if there is a VPC, it has an Internet Gateway attached.
Scene 3> Check the VPC for the subnet associations and routing table entries. This might probably tell you the cause. I found one in this kind of troubleshooting. The route used to land up in a "blackhole" (shows up in the route table section of the console). To fix this I had to check and find out my internet gateway and found the issue with the IGW.
Moral of the story: always trace backward in the network!