But most people don't do double-closings here in WA due to the excise tax; a more common strategy is to just "sell" an LLC that has the property tied up.

I think this type of thing will disappear fairly soon since the IRS Chief Counsel recently released a memorandum on the topic of penalties for aiding and abetting understatement of income tax as it relates to cost seg.

I have a home that I pay ~30% of the property tax as my neighbors who have purchased recently (I purchased in 1992). 

Just for raw numbers sake, a couple in California that makes $100K pays around $5,900 (more if you're single) for state income tax.  

You recognize the tax as you receive the installments.

Republic, later a MS in Aesthetics Dentistry from São Paulo University, Brazil.

Some munis will treat short term rentals as hotels and regulate and tax as such.  

São Paulo, Brazil for a couple years.Costa Rica, New Zealand, Australia, Bali for several months each during a world tour.Moved from Bali to Austin, TX 10 years ago.We like it here, but we're growing tired of the 8-month long summers and lack of infrastructure to support the incredible growth.

Build generational wealth and pay as little tax as possible.

Yes, someday I’ll have to pay ordinary income tax as I take distribution's but who cares if it’s all rental income and or appreciation (with no capital gains).