It’s not a lot of the resorts, but there are a few that implement these restrictions.

I’d suggest patience, respect and daily implementation of information from books and podcasts.

Im curious if we will see an influx of creative end arounds like that and what other varieties of tax strategy will be implemented.

@Tim Soto:Very smart of you to even know about this much less be ready to implement it.

Generally, IRS can ask for records for the last 7 years.Finding the balance between doing a quality job and implementing cost-efficient/time-effective ways of renovating or completely transforming the building can be challenging thus proper planning and good organization of the process is critical for the success of a venture of a kind.

He can implement your earnings increasing ideas and you won’t have to be tied up in the day to day operations, which is always a PIA and not exciting like deal making. 

LLC's provide compartmentalization of liability, operating LLCs (or shell companies) provide separation between your assets and operations, implementation of trusts can introduce levels of anonymity between your investments and yourself and increase the discovery costs of a lawsuit.

I know that they implemented this rule out of fear that potential future buyers wouldn't be able to buy with an FHA loan. 

I agree with your thoughts to implement the happy clause.  

One thing no one has mentioned is what happens to you if you successfully implement the BRRR strategy and now owned a handful of properties BUT because of competition in the area, a recession that tilts the bargaining power to the renters favor, or just bad luck with maintaining good tenants - you can't rent your properties out.