Looking for next moves for long term SF rentals in the Austin and San Antonio areas

[Scott McGadden]

I'm looking for options for possible next moves for one or all three of our single-family rental properties in the Austin and San Antonio areas. They have low 20% ltvs and have market values in the ~350k. A local Property manager manages them. We've owned them for 20-plus years but the recent property tax increases have negatively impacted our cash flow as have major repairs such as roof replacements, AC units, etc. We're looking for possible next moves including doing a 1031 to a lower prop tax state into a couple of newer SF units or possibly a multi-family opportunity. Or cashing out and parking the money for a while. Unfortunately, we live in California so we would have to pay significant capital gains if we sell.