Examples of master lease agreement tenants include: storage rentals, short term vacation rentals, and stand alone retail stores( Walgreens,CVS,Dollar General,etc).You should be able to achieve a 10% net return before leverage with short term vacation rentals.Find a manager that is building new properties to minimize exterior maintenance for next 20 years.

That's a question that others have alluded to - how to minimize your perceived profit for tax purposes and still generate growth.If you're talking about income from a sale of that property then the way to defer the tax on profit and depreciation recapture is through a 1031 exchange as @Randall Alan said.  

Get started in real estate with minimal risk2.

The bigger issue, as mentioned earlier in this thread, is the future necessity of college education given its huge expense for frequently minimal benefit.

I may also do some small bathroom updates, such as a new vanities (these are very small bathrooms with tiny vanities, so price will be minimal). 

For some, the $800 tax per LLC eats into cash flow so much that minimizing number of LLCs is a goal; for some, the $800 is a necessary evil that reduces their liability and helps them sleep better at night. 

The usual tactic is to minimize what the borrower sees as interest costs by looking at principle and interest calculations on a monthly basis.... not hitting them with cumulative interest cost for the whole loan.

It's a sleeping pill for me.

But as stated before, I would rather this new house to house hack especially seeing that I could personally use the inlaw suite with its own kichen, living, dining and laundry with minimal work needing for this configuration.

The dollar amount is not a relevant metric here either.Billing extra not a big deal when you are working with a professional providing a minimal level of service and integrity.This is why I paid the fee in full before being asked.