Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.  

You can always use a software like Turbo-Tax and follow the prompts.

However demand is very high, especially for section 8 which also doesn't pay very well because government funding is one of the lowest for Puerto Rico.

Plus with no state income tax, cheap insurance, and very low property taxes, I’m probably starting $20k ahead of most people, and that’s a tax free $20k.).

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

Of course to maximize your tax benefit it needs to be sustainable over time. 

@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs. 

When will the government wonks realize it is hard to force the free market to solve a problem they helped create?

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.