On the surface, it sounds like a no-brainer to me, but I feel like if I pay that money back into my IRA and then withdraw it again at 60 and pay taxes on it again, the government is getting over on me. 

First of all, usually a homeowner has to be over 6 months behind in their payments before the foreclosure process begins, and the recent government 'pause' on evictions and foreclosures will delay the process further. 

Basically that the government can remove the owner’s ability to evict non paying tenants in times of crisis.  

Generally speaking the opportunity zones are posted online by your state government and if you buy in those areas (normally not the best areas) and hold you can avoid the cap gains.

Our government has responded by aggressively curtailing economic and social activity in order to suppress the further spread of the virus as quickly as possible.

The government should then analyze this, and notify the landlord of the income increase or decrease.

@Paolo Sciarra I'll echo @Todd Dexheimer and add Wilmington and Asheville (smaller markets, obviously).Additionally Greenville, Spartanburg, Columbia, and Charleston in SC are growing as well.I track population growth trends in this publicly available spreadsheet as I believe it's a very good indicator of the positive long term trends that support the MFH asset class (not the only one, but a great one).https://docs.google.com/spread...It's all based on government data and identifies both perennially high growth metros, as well as recent accelerators (Flint, Michigan - really!)

Kind of like a government handout - why would anyone work harder for something that's guaranteed?

What kind of obstacles will I run into with local city governments trying to accomplish this. 

This all depends on the area your property is located in and how much the maximum amount of rent you can even get in this location for that specific unit.My point is, If you can get the same rent for a section 8 tenant and for a regular tenant, wouldn't you rather have the security of having the government pay you?