Is it worth to compromise for big and fancy home to get in a better school district from an investment point of view or Leander might get better over years.

If you want to live in the area, though, then you're going to have to compromise.

Most generic leases are just that, "generic".They get the job done, but not done well.You don't seem to want to spend a lot of time on this, something that is critical to running your rental business properly.We recommend downloading 3-5 state-specific leases from various sources, then spend the weekend going through them to:1) UNDERSTAND why everything is in them.2) Copy & paste the paragraphs you like (once you understand them)3) Continue to "tweak" as necessary to meet your concerns & goals.4) Have an attorney review to confirm meets all federal, state & local requirements and there's nothing illegal or compromising in it.Good luck!

Is it worth to compromise for big and fancy home to get in a better school district from an investment point of view or Leander might get better over years.

“If mismanaged, ending the conservatorships and Treasury’s role with Fannie Mae and Freddie Mac could make mortgages more expensive, cut off access to mortgage credit, destroy many of the important reforms made over the past 16 years, and compromise our entire housing market and the broader U.S. economy.” 

The challenge is that the single member LLC would be owned by a Delaware LLC which itself is owned by mine and my husband’s trusts.How can transferring to a LLC to achieve liability protection be done without compromising the 1031 tax benefits?

That might be a good compromise.

If that is the case, don't compromise and target a lower quality asset just cuz those pencil out better - you'll likely regret it.

May be worth showing them the current market comparisons, and meeting in the middle for a compromise. 

Could the shared management function create a "common enterprise" argument that might compromise the intended separation between series?