Nick Redding Nick, I have done a few with no change to my taxable value.

Sub S corps are better for actively managed operating businesses where you can allocate some revenue between payroll taxable compensation and business profit (no payroll tax).

If you are simply distributing the net taxable income from the LLC which is only operating rental properties, the income would not be subject to FICA tax.

@Bret Ehlers mentions investing in debt and that is a way, but I don't like that in taxable accounts as it has no tax advantages.  

If you have enough funds it's a decent return paying down on the unsubsidized, since you probably won't/don't have enough taxable income for the tax benefits to be worthwhile (until you're married, anyway). 2.

You can only exchange real property for real property - a Cost Seg study breaks out personal property and now you may have a lot of boot (taxable gain).... 

Especially as dual military you have a huge chunk of nontaxabke income and you could  potentially  Come away with cash and zero taxable income from rentals while actually banking thousands.  

I am currently setting aside cash in a savings account, with the rest of the required capital likely coming in the form of a margin loan from my taxable brokerage account so that I don't have to sell the stocks.

Curious to know if there are any good loan (options other than hard or private) that self employed people can use with little to no taxable income. 

If you have funds in both: taxable and tax-deferred accounts, you need to be wise steward of all of your resources.