You may need an independent appraisal if the value of the property exceeds $5,000, as the IRS generally requires this for non-cash donations of significant value.Capital Gains Considerations: If you've owned the property for more than a year (which you have, having owned it for 10 years), the house is considered a long-term capital asset.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

It takes a very long time to even get in the ballpark.

It would be a shame to pay interest on the entire amount, if only part of funds are deployed.Thanks in advance for any tips on things we should look out for in loan terms, refinancing, etc!

The max term for the loan for my wife and I is 5 years. 

Property went on the market that week as we began negotiating terms.

They are exceedingly rare, thus very expensive, but I believe they represent an excellent long term steady income and store of value.  

@Robert GonzalezMost any DSCR loan is going to be chalked full of docs where you agree to NOT occupy the property while under the terms of the loan you are signing docs for. 

I'm looking at it long term and will not need the equity anytime soon.  

Prepayment penalties- usually 1-5 year terms.