That would indefinitely defer all tax.You will want to demonstrate a clear change of intent from resell to hold. 

And if you keep it as a rental for longer than that and then decide to sell, you can indefinitely defer capital gains taxes by buying another rental somewhere else and doing a 1031 exchange. 

Give the 2 months notice due to tenant being there more than a year and move in.If the notification was not provided the implication seems to be that the tenant can stay indefinitely, but the wording is not crystal clear to me.  

I am fine making 10% indefinitely on my Notes until principal is paid off so I can reinvest the principal.  

So for the price of an exchange you will get to look at potential properties and you won't have to pay the tax until 2022.Best case you defer all tax indefinitely by finishing a 1031. 

I do not think I am in the minority if I say I greatly prefer for all our tenants to pay on time, have no maintenance calls, and stay in the property with slight renewal increases annually, indefinitely. 

I know a group of coworkers that are currently on reserve indefinitely and have at least 1-2 cars among them.

My concern is some indefinite number of months of this strategy could pass before you finally could obtain an eviction.

I imagine section 8 tenants in a city would be more likely to not have a car, making that a very cumbersome trip.

@Ravi Ramphal, The 1031 exchange is what indefinitely defers the tax on the gain from a sale.