You need to think about your skillsets, time, and capital.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

This would allow you to defer the capital gains tax, and instead of taking a large tax hit, you would be able to use the tax to invest in a nicer property/properties.

In many ways, this is the best market for buyers in Austin in years.

Arizona is more landlord-friendly, and I’m familiar with the area, which makes it appealing.For those with experience in either market, what are your thoughts?

Anybody here ever invest with BAM capital as a passive investor?

I specialize in working with Canadians that own property down here (I live in Palm Springs, we might be the snowbird capital of the world?).

I buy houses in the Memphis market.
Terry Clothier REI Nation

I recommend people only sell if (a) you can invest the capital in something that performs better, or (b) it aligns with your goals.

Most people think real estate investing requires huge capital, perfect credit, or bank loans—but that’s not always true.