Tax rates are very high level, so you will want to adjust that as you pick a more specific location to model out.  

The downsides are you’re paying taxes that will go away at their passing.

Have you ever identified more than three replacement properties in a 1031 tax exchange?

For example, there is one poster here who's business offers a note fund set up as a c-corp rather than an LLC in order to offer dividends that are more tax friendly for IRA accounts (at least that is how I interpreted it).

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

A single-member LLC provides protection while allowing you to report business income on your personal taxes.

Are there other creative tax strategies that involve real estate that I should be looking into?

The state forecloses when taxes are delinquent for the most part. 

Nevada's Taxes: - Nevada's property taxes DO NOT reassess on the sale. - No state income tax. 3.

Hosts do anything to ensure a 5-star, to include lying about the guest just to coax a positive review out of them.Hotels don't look at reviews and they do just fine.The people you are talking about are the same ones that will eat most of a steak dinner, then demand a refund because it was under-cooked.