If possible, I'd love to not move at all while doing this, but I think I need all of the equity out of my primary to support myself and quit my job.I'm really trying to not live in a perpetual construction zone, especially not with my toddler, which closes a lot of doors. 

So essentially for free, I have a house with $38k in equity, $225 per month imcome in perpetuity, and get all of the tax benefits associated with owning property.

The suburbs are very wealthy and get a really bad reputation from an outdated stereotype.

Regarding property taxes, they run with the land and are a perpetual lien on title.

Ending up in a perpetual SFR state!

Don't invest in low income areas if you only look at the people like animals and uneducated those are very tough, mean, stereotypical things to say.  

All the stereotypes about NYC real estate.

I believe that utilizing both cash on hand to formulate deals & passive income to have perpetual funds creates a much needed balance for leveraging purposes.

My dad was a general contractor and also fell into this stereotype.

But, in the terms you just stated it clearly is a violation.The Rule Against Perpetuities states, an obligation by its terms must be able to be completed within a life in being plus 25 years.This is one of the most complex things to explain in the law.