Well isnt this just dandy. I have owned rental property in the past and I happen to be in the process of acquiring a new one at this very moment. What possible service could this reporting requirement serve? How could this benefit anyone other than bureaucrats in D.C. who need a job? This does nothing at all other than burden small business owners and rental property owners with excess paperwork and regulation that seemingly do nothing. This is the kind of inanity that I want to see the new Republican House tackle and rid us of.