I have little to no debt, cash in the bank, but the negative is that my current taxable income is only around 35K a year...

Oh yeah, bonus feature of moving to Arkansas, you’re Florida income will become taxable by Arkansas as well. :-)

@Marcus Hill, A refi cash is not taxable true. 

However, because the trust endures the death of the grantor trustee does not create a taxable event.  

Apartments.com sent me an email saying that I need to add a taxable entity to my profile or I will n it be able to receive payments. 

The key to this arrangement was simple: I had use of that money to make well over 50K TAX FREE if desired...or taxable if I choose to go that route.

However, the investment portion, while taxable, can be 1031 exchanged for another investment property. 

., how will the taxable value change upon sale and what it the tax rate.

However, I don't believe the Property Tax deductions (Point 2.) on a Rental is restricted by the 2018 Tax Cuts and Jobs Act (TCJA).Specifically Section 212 says:In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year:(1) for the production or collection of income;(2) for the management, conservation, or maintenance of property held for the production of income; or(3) in connection with the determination, collection, or refund of any tax.

He does own the property free and clear just FYI, but I wanted to put this out to the group to see if anyone has run into a situation like this before, and if anyone has any suggestions on a way to structure the deal in a way that could reduce the seller's taxable gains so we can put an agreement together.