Should I cash out refi my home to pay off my rental property?

[Mike Pastoor]

I would like to refinance my nearly 5% interest rate on a multi family duplex that has $85K and 15+ yrs remaining on the mortgage. I can’t find a competitive rate when factoring rates and closing costs because it’s a duplex so I thought about doing a cash-out refi of my personal home. I have a quote to do this and I would save $30k (most all from my rental) over 10 years.

My biggest fear is from a tax standpoint of not having enough expenses to offset income since I would no longer have a mortgage payment. Any advice?