PokéBase - Pokémon Q&A
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I am not a big fan of shiny hunting but it will be awesome if we get both best iv and shiny Pokemon.

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No, it doesn’t.
It just increases shiny odds.
If you have a Pokémon hold a destiny knot, it will pick 5 random IVs from the parents to pass on to the kid. If a parent holds a power item, it passes down the IV of that stat to the child. If you breed a 5IV Pokémon with a destiny knot and a 6IV Pokémon with the power item of the other parent’s imperfect stat, the child will always be atleast 5 IV.
You can also pass down the nature to the child by having the parent hold an everstone.

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Hey thanks, much appreciated!!!!!
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No. The Masuda Method only affects the odds of hatching a shiny. It has no effect on IV inheritance.

Hey thanks,much appreciated!!!!!