To minimize taxes, consider the following strategies:1031 Exchange Before Dissolution – The corporation could complete a like-kind exchange, allowing investors to roll their ownership into individual properties while deferring capital gains tax.

This is down the alley of tax liens.Yes, deduct the lien from a sale price.

I agree with @Isadore Nelson, there will be an initial sting due to to the IRA transaction but with quick math at 8% your 60k will generate about 4.8k in year one, in 4 months at 1.3k you've already eclipsed that, their will also be a larger tax for passive income and an initial penalty from the IRS, but it won't erode the 8 month difference let alone the yearly compounding effect.

Quote from @Matthew Becker: Ask off as much as you need to be safe. 

Off Market, and KREIA are just a few places to look. 

Using mortgage debt at 6-7% on a refinance to pay off higher rate debt such as a credit card at 15-25% is a savings!

I only wanted to clarify that almost everyone who mentions their equity means “cash after paying off their loan”, not their gain.

Quote from @Benjamin Blunt: What are the best strategies or tools that you use to find Off-Market Properties?

We just think by taking cash out nontaxed and still cash flowing, while still having tax benefits, seems like a good idea.

@Philip Beckwith typically in Michigan, you can only do a tax appeal in February.The instructions will be on the back of your winter tax bill.You will need to have great comparables to challenge the City Assessor's valuation.