The Homestead of Exemption is $50,000 off your Property Taxes.

We've done buy and builds ourselves or can do BTS's but retail medicine in general has a hard time making the debt on a ground lease work, so if you are looking to do that the medical space is likely not the user for you, but if you were looking to BTS or to sell, its a solid end user to work with.

He went to BYU with the intention of becoming a doctor, but did poorly in chemistry which would be required as a prerequisite for medical school.

(So you don't help to build up the rest of our medical bills through the medical system of course.)

There is often a time limit on how long you are exempt from paying local taxes on foreign income, and of course you will owe the US for life. 

I wonder if the tax forms would be mailed there, and then that trust company will file to IRS to explain it is tax exempt? 

Just because it's a primary residence for him doesn't automatically exempt your portion from capital gains—you're still considered an investor.You also need to think about what happens if your friend can’t buy you out or if your relationship changes.

It does well as it attracts medical, academic, athletic, and entertainment.

If you got of law school, medical school, dental school, or grad school, you could still qualify. 

Fair Housing may not apply to this landlord: https://www.equalhousing.org/fair-housing-topics/exemptions-...2.