That might be difficult to do, especially in FL where most carriers are requiring a 4 point inspection.

IRS guidelines would require you to seek out a tax professional but i believe you are taxed on gifts above $14k.

@Ellie Narie, There is no specific requirement to carry the same debt. 

Your PM can send her a notice of default with whatever cure period is required in your state.

If they don't get it from the listing brokerage they'll require it to be paid by the buyer.All of this is supposed to happen by July. 

A lot more detail is required for an accurate assessment.

@Tom Server most states only require a separate account for ALL security deposits one holds.Of course, this is NOT legal advice and check with a competent attorney.

Buying an income property requires far more skills and services than buying a home.

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.

For holding security deposits the state requires that you use a bank located in the state of FL.