Also, in the event someone did manage to re-use the plans, it would be the architect who would have a claim against the person who did so, not you.

Otherwise, it'd be as if the IRS will chase after you for not itemizing your deductions instead of taking the standard deduction.For the same but different, I qualified for REPS the past few years but didn't claim it. 

The creditor could object if they are not taken care of in the plan according to their filed proof of claim (They filed an accounting with the court stating what is owed).

Secondly, what can that mean to any insurance claims.

If those numbers do not fit FIs, then it is likely bad investing strategies or one has an unrealistic outlook on living standards.The example takes into account to average cash flow of $200-300 per rental.

How do you treat depreciation, both claimed and recaptured, for the same tax year in which the property is sold? 

Maybe your area will be different, but that size property fits insurance claims, corporate relocation of a family, etc.

Most of what is proposed on Bigger Pockets in terms of layering of entity structures will not prevent plaintiff attorneys from bringing claims.

It may be easier to claim real estate professional status.Have a conversation with your CPA to discuss the benefits and to see if you qualify.

Not saying they are dead but they are not the cash cow many claim online.