On master.
==========
Add user:
CREATE USER 'slave1'@'';
GRANT REPLICATION SLAVE ON *.* TO 'slave1'@'' IDENTIFIED BY ''; <== use mkpasswd here

Smart dump databases:
mysqldump --skip-lock-tables --single-transaction --routines --flush-logs --hex-blob --master-data=2 -B database1 database2 databaseN  > ~/dump.sql

On slave.
=========
Restore dump.sql on slave:
mysql < dump.sql

Get master log and position:
head dump.sql -n80 | grep "MASTER_LOG_POS"

Set master and start:
CHANGE MASTER TO MASTER_HOST='',MASTER_USER='',MASTER_PASSWORD='', MASTER_LOG_FILE='', MASTER_LOG_POS=;
START SLAVE;

SHOW SLAVE STATUS;

Done.