-Have an extra umbrella policy-Speak with my real estate attorney to make sure I did enough to limit my liability. 

I can't imagine how much extra time is spent without having automation.

Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com. ...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for. 

The absolute best way to avoid taxes is not earn income.  

He never picks the student that just wants to earn $x / month in passive cash-flow.  

One more reason why people should stop looking for the easy path to building wealth.Increase earnings, reduce expenses, save, and invest.

House hacking lets you live in one unit and rent out the others, which can help cover your mortgage and generate some extra income.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

This is from the BP rental calculator and is exactly what I'm wanting to see, just with extra payments each month. 

You will still earn on them.