William just purchased a residential investment property for $$225,000.$ William is $60,$ married, and will not occupy the property. Will this new property qualify for a homestead exemption?

Yes, because William bought the property for less than $$500,000.$

Yes, because William is older than $50.$

No$,$ only single people can qualify for homestead exemptions.

No$,$ he has to reside on the property to qualify for a homestead exemption.