Any way to interpret this vagueness?

The fault of the article is not articulating this distinction, which left room for interpretation.

Worked with a two different lenders for this project to get a few quotes with very different results...due to the verbiage in the delayed financing exception, it is still up for interpretation and some underwriters will tell you it is not possible just because they have never done this sort of loan before.

But there are some interesting interpretations from the IRS regarding what constitutes real estate since they let the states define real estate. 

So are you saying that a refi could be a touch and go situation if the bank interprets an intent of a flipping business?

Check out evict.com they are Florida lawyers specializing in landlord law they have a lot of great articles interpreting the law and advising on best practices.

An HOA is not a sponsor is any interpretation of the word.

Listening to idiots on the internet or idiots on the news or trying to interpret statistics is no substitute for being on the ground and knowing a place.

Who knows how this will be interpreted, but it doesn't look like it to me.

Though, it will always be up to the judge how to interpret the law when a case is presented.