@Dilip GandhiSee following IRS link. https://www.irs.gov/Individuals/International-Taxpayers/Taxpayer-Identification-Numbers-TIN

The OP is the taxpayer who pays for Section 8 benefits of the litigious applicant.

(In our locale, the developer does not pay to put the sewer/water/roads in...the city does and then levies a "specials" tax payable for 15-20yrs by the lot owner)I think I have found a partner though I'm not sure - he doesnt seem as excited about the opportunity as I do.  

When a tax-exempt entity is engaging in a business on a regular or repeated basis, and therefore competing with tax-paying businesses, there is a trust tax known as UBIT that is incurred - as a way to level the playing field.  

All activity of the property is still reported on your personal return so in the eyes of the IRS the taxpayer is the same - so no tax event.  

If you keep your holdings indefinitely, you will delay your tax payments.

"Gross income shall not include gain from the sale or exchange of property if, during the 5-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as the taxpayer’s principal residence for periods aggregating 2 years or more."

Tax Deeds :-) Guess I will do that now.So you wouldn't be responsible for the Property Tax payments if the residents didn't want it and you had the deed?

Smart...I personally like a little long term fixed rate debt because I think inflation will soon or later erode the real value of it, transferring that purchasing power to me from the bank (or whom ever the bank sells the paper...unfortunately that may be the tax payer via fannie freddie).  

One of them said last tax payment was sept 15 2013...