@Forrest Holden, Anything having to do with the Service and interpretation of statutes is the deep end for sure.  

It is also for you to interpret anyway you wish.

@Jessica F.Your best advise here was from @Bob Collett.Your interpretation of what you THINK you can do and what you lawfully can do are like night and day..  

Thirdly, recent changes in legal interpretations of laws regarding rental landlord/tenant rights stipulates that blanket policies of never renting to anyone with a record can be grounds for discrimination suites by violating the Fair Housing Act.

If the attorney you've spoken to has chosen to interpret the laws as flipping one property making you an operating company, that's his choice.

And also since the numbers are provided to the IRS annually on your W2, there is no chance that the IRS would miss the data (eg: its not like you're playing against the 1% audit risk, there's 100% certainty of the computer seeing and interpretting the data)That said, I think the root of your question is: "if I make enough money, can I shelter more than the max" and the answer is: "of course you can, you just do it in different ways."

OK  This is my interpretation and mine only and not legal advise.To me it says that you cannot accept a partial payment AFTER an eviction has been FILED. 

If the sponsor's past performance checks out there is a higher likelihood that they use good data and interpret it correctly.If you are still inclined to do your own data mining, check out data from the census bureau, bureau of labor statistics, the Milken Institute, and the urban land institute.

The rest of the terms and people's interpretation are not relevant.  

My philosophy is to look at the cities and counties closest to the high-growth MSAs and provide a better housing product for those who cannot afford the core-city growth and pricing.To directly answer your question, I think the MSA indicates that when the market eventually does correct, you could interpret the data to show that the outer areas, not the cities, should encounter less negative headwinds, based on a comparison of pre-GR and post-GR trends.