Hey @Paul BloomfieldThere is a lot of dispute surrounding this mandate because, like with any new "law" or rule, there is a lot left to interpretation.

Everybody is a victim, nobody is held responsible for their own actions.Don't forget, government programs are run by human beings in the positions, people in those positions are there for a reason, they have a huge lean toward helping out the unfortunate, and never forget in their eyes landlords are very rich taking advantage of people, they are going to side with the renters as much as they can get away with and there is lots of grey area and interpretation and leaway.

I’ve also heard that different lenders can have different interpretations on the FHA guidelines or have their own guidelines beyond the FHA ones. 

If that was supposed to be interpreted as you like both cash flow and appreciation then I am mistaken.

But I'm not sure how to interpret this information.

“Marketing the contract” including an address, etc. does violate FL specific licensing laws, regardless of anyone’s interpretation of “equitable interest”.

Is this an item that is open for legal interpretation? 

Different states interpret Federal Law differently and have their own state laws.

NC, as a state, has been extremely friendly to STRs historically.. there's a lot of reasons why but it's rooted in private property law interpretation here that's very favorable to the owner.

How they are currently interpreted and appliedBelow is exactly what the VA Lender handbook states.Essentially, the use of rental income on a multi unit is this:1.