The rules are pretty complicated and the only people who really know all the terms and rules thoroughly are the Rent Levelling Board.Caveating that I’m not an attorney so go seek your own advice but I clarified a few things at a recent rent levelling hearing (which are open to the public and you can find the schedules with a simple Google).

I will not renew there lease, and I need to be better about enforcing the rules.

Maybe that area has a certain special restriction of which your architect is aware that I am not privvy to.

I see what you're saying about the 2% rule. 

However, a general rule of thumb is to hold it in the same taxpayer name for at least one year before making any changes.

Dodging Toy Shop RulesIf you run a shop (have a license), you’ve got rules.

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

There are rules to follow!

You can still find positive cash flow and deals that do hit the 1% rule here!

In which case, the "general" rule is the closer you are to downtown the better.