@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).

Also have 2 CA properties seeking to minimize taxation.

I recommend starting small and looking for turnkey properties to minimize the stress of managing rehabs.

If you want to minimize your risks talk to your Banker, Realtor, other investors.

Risk is minimized due to the amount of rents, property condition, property price, and location.

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

The hope is the tenant does not move and the older house that had minimal repairs will not fall apart anytime soon.So an old house with minimal repairs to it, questionable areas to invest in, and tenants that tend to live hard in the spaces can be a recipe for disaster. 

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Valuing a YouTube channel with 5,000 subs and minimal viewership at $200,000 is pure nonsense.

You'll have quality tenants, minimal hands-on management, and lower potential maintenance issues.