But BEFORE you make that decision, you need to get with your experienced RE CPA to do a side by side and apples to apples comparison of your cash out refi, what investment you get using that cash (and the returns from it) vs selling this as your primary residence (since you lived there for 2 of the last 5 years) and have a $250k exemption to capital gains tax (as a single person) and $500k as a married couple.

You don't have to pay tax as a result.However, be mindful of what the funds will be used for.

@Justin Johnson I wouldn't just use this year's tax as the baseline.

I'm not clear how doing all this would lower your income tax as both should be pass-through entities and it should be pretty easy to set up any property investment to avoid any income tax.To answer your question, if you want to keep your MA LLC for OH property, most states would require your MA LLC is registered in OH as a foreign entity. 

Quick example here -- https://tubularinsights.com/tax-deductions-us-youtubers/These expenses/deductions will help to reduce regular income tax as well as self-employment tax.Any deductions not tied to YouTube income will not help to reduce self-employment tax.

The problem is that in this area, real estate taxes vary widely and so does transfer tax. As

One thing to keep in mind is that your real estate income from any GA properties would incur state tax (as far as I know)so keep that in mind.

It's hard to hit $0 in tax as a w2 employee without 1 person qualifying for RE pro or staying in a fairly lean earning bracket. 

Would you not go to work because you have to pay income tax?As

If we do sell and for a good profit, ideally we'd close after the 2 year mark to avoid capital gains tax. As