Dodd Frank and cash financing for rehab deals

[James Gresko]

ANOTHER Dodd Frank question: 

How do I get around the owner/occupant restriction for Hard money?  

After several hours of research, I've been unable to come up with some answers to this dilemma.  A lot of people know about the restriction, but I've not found any who've come up with some legal strategies for getting around it.  I have not consulted w/ a RE atty yet, however. 

Because of good credit and ability to pay, I can readily finance a cash offer for almost any deal I'm looking for with hard money or a loan from a bank, but when it comes to buying a home for myself, I'm at a loss because I depend on these sources to complete a cash deal.  I provide only partial funding myself.  I buy old homes and rehab them, but the lenders tell me I CANNOT mortgage the home under my name and occupy it after the rehab.  Which means if I run across a property I want for myself, I'm  limited to homes that will mortgage.  But even if they will, cash buyers rule in the Fort Worth market.  I lost a very good deal this weekend to a cash buyer that I could have outbid.   

Is this a proper or complete understanding of this rule? Will an investor friendly bank extend a LOC loan (or something of the sort) to me personally and still be DF compliant under this circumstance? Will an initial cash purchase though a created LLC be a better solution?

Thanks in advance for answering a question that has probably been answered several times and in several ways.  I've just not come upon it yet.