Two parts to your questions: 1. Yes, you may buy in a 55+ community. Anybody, any age may buy. 2. The restriction for this type of community is for OCCUPANCY, not OWNERSHIP. Most associations have restrictions regarding rentals and it may not be the most desirable type of investment, since you may have to wait one year or two before renting. This requirement is found in their Documents.
55+ communities must be registered with the State of Florida and must renew their status every two years. They must maintain at minimum 80% of their units OCCUPIED by at least one person who is 55 years old.
I have a Community Association Manager license as well.
Prudential Florida Realty