Again, this is worth spending time with a lawyer to confirm my interpretation.

[I'd be disappointed if my interpretation of Stuart's theory was true in practice].

Still, you don't want to risk an error with the structure of this contract and find that a judge interprets the situation to your detriment.That said, Brian Gibbons has offered you a blue print that sounds pretty good to me.

Is it a correct interpretation of the rule that the entirety has to be donated?

The new law is not clear as to whether the 10 year occupancy requirement applies when two tenants vacate the same unit, or only when tenants vacate two different units; however, we expect the latter interpretation to apply."

@Troy PurvisThis will depend on your particular interpretation of showing significant age.

Hi all,I was hoping you could help me answer a few questions regarding FHA guidelines and how strict lenders interpretations are of them. 

The lenders are much more friendly to interpreting an investment, which allows them to hang the repayment predictions upon the property, not just yourself.Try to get a property that you will be able to build in equity.

What J Pow said is pretty clear and I think your interpretation is accurate.  

It is hard to interpret laws and statutes correctly sometimes even when you are an attorney.I will site that the Statute 83.49 (2) does mention the exception 5 individual dwelling units.The course manual contradicts itself when I interpret "5 individual dwelling units And are not using the services of a Real Estate Broker"  If you look at the Nolo (written by lawyers) website "Florida Security Deposit Limits and Deadlines" they mention the notice of "the name of the depository" "interest or non interest bearing account" and "Interest Rate" and providing a copy of the statute 83.49 (3).Additionally in the book from attorney "Mark Warda" "Florida Landlords' Rights and Strategies" there is mention of keeping the money in a separate account.If the lawyers advise that it should be in a separate bank account, Do you want to pay the attorney's fee to find out your wrong?