You’ll pay more for tax prep, more for record keeping, more for financing but what will you get?

Zoho Books, I am not using this as my partner uses it integrates nicely with CRM for book keeping and I could provide access to our CPA for Taxes. 

However, pricing in Austin is still substantially above pre-pandemic levels.

@Daniel MadhavapallilYou should hire a tax professional. 

It's a range and depends on the property type, location, end condition and rental strategy. 

- Also depends on a variety of factors. 

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence. 

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.

It is tax free in the sense that you will not owe taxes today on the cash-out.