There is also a chance to offset more tax liability by using a cost segregation on the rental property.  

Your primary residence you get to deduct the interest and taxes but not the insurance.

Should I create an LLC at this point to protect my personal assets and tax planning?

My payment (including escrow for insurance, taxes, etc) of $2500 would go to roughly $4500.

We want that $500k non-taxed equity!

I’m interested to know how to get around it when my taxes & insurance (including flood) are all paid through an escrow company. 

Hi guys, I had a friend recommend using Abode for immediate property tax appeals and other home savings. 

As the local governments struggle to manage tax payer money responsibly, they should really offer incentives to private builders to build "income restricted" at a much lower price. $220-$300/ft for vertical build costs.  

I also dont care for filing taxes and everything with it.

Taxes and insurance are easy ballpark numbers.