BIAB is the only way to go! That's what I use for all my small batches of 1.7 to 2.5 gallons. Easy peasy.
I use dry yeast most of the time. You can use half a pack and store the rest in the fridge for later.
I chill in a tub sink with cold water. After 20 minutes, drain and replace with more cold water. Another 20 minutes and you're at pitching temperature. No ice is needed, although if there is snow on the ground I will throw that into the sink -- it's free and ice cold!
With BIAB, you can crush hard to jack up efficiency.
Aim a little high on the mash temp (like 156-158 F) and allow it to fall 6-8 degrees over the course of the mash. It's all good on the average. Anyway, you only really need to mash for 40 minutes in my experience, no need for a full 60 or more.
You don't need any LME.
I'm winning awards with these super ultra mega ghetto cheap 'n' easy methods.