Also, the Recent Supreme Court Ruling Striking down the Chevron ruling, takes away a lot of power of unelected officials, most of the IRS papers are not based on actual rules, but interpretations of code. 

By definition, interpreting intentions is subjective.

I would share the cold hard tenant ledger and let the next LL decide how to interpret it.As far as lying, acting as someone's accomplice in a fraud make you both rather bad people and sort of undermines your stated reason for looking to do this in the first place.

There're different interpretations of "tangible property regulations" which is the law that controls repairs vs. capital improvements determination.

If you don't believe me spend more time with them :) That said, NEVER rely on a broker or agent to interpret the law.One thing not said is that realtors provide an assurance to the parties that the deal can close.

An Administrative Interpretation is recommended for a building where a short-term rental will be located.

. -- A license is not required for:(4) an agent of a licensed real estate broker or of an owner of real estate while managing or leasing that real estate for the real estate broker or owner;Attorney P's interpretation - Therefore, property owners can directly hire non-real estate brokers to manage their rental properties.Attorney P's Recommendations - You can either file as a foreign entity doing business in MD or start a new business in MD.  

and so any interpretation that would require to get you a license to act on behalf of the owning company does not make sense to me. 

By no means should this be interpreted as an anti-BRRRR post.  

The truth is that any data or track record can be interpreted in multiple ways, and each sponsor will naturally present their results in the best possible light.