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

With 200k in cash flow every year, you should be able to turn and use that income each year to buy more properties, but is that what your dad wants to do at 60?

If I trade property I own in exchange for a property owned by a non-profit organization, what do I need to consider regarding taxes or anything else that could impact the transfer?

Because one of the best things about investing in real estate is the tax benefits. when you invest with your SDIRA, you do not get to take advantage of those benefits. but with notes, where income is interest income and typically taxed at ordinary income rates - that is huge if you can defer or not pay taxes on that income.

I didn't choose this profession per se; I'm actually disabled and needing to do this to supplement my income (although I have felt immense appreciation for the good tenants and proud of the way I continue to learn).Now I am in the process of my first eviction with regards to my current basement tenant (they're just not paying me rent, everything else is fine with this person but their financial excuses have been hard to keep track of since the beginning).  

Despite the appeal of leveraging debt for wealth expansion, the security and certainty of a fully paid home offer compelling advantages for many.Pro tip:I look at the metric ROE, Return on Equity over ROI, Return on Investment.ROI = (Net Operating Income/ Total Investment Cost​) × 100ROE = (Net Operating Income/ Equity​) × 100For me, what is best for you is dependent on what stage of your investment lifecycle you're in coupled with your risk tolerance and personal financial goals.With Discipline,Josh

And since this is my main income source I don't mind spending some time on it every week.

We both work full time, which won't change soon, although we hope to retire early if we can supplement our income enough with real estate. 

Why I Love Student HousingRent Premium - Students will typically pay 40-50% more in rental income than market rate housing.

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