Selling is an option, but since I prefer buy hold over flip, I’d like to compare selling to equity tapping.

Otherwise, simply compare rates, points, term, etc, and make a decision.

Also since your investor is a member of the LLC they can be on the checking account and watch the money in real time this is a critical aspect of my companies.. and I don't have to make up reports etc.. they watch the business in real time … compared to if you have multiple investors and they are relying on your in house accounting and they are not on the checking account ( this mainly from the investors side of the table this is were things go sideways for investors.) no real access to the ACTUAL checking account only reports made up by the sponsor.. 

@Jay Hinrichs I believe anyone trying to sell their home can go on Zillow and receive and compare instant cash offers from investors, like invitation homes, etc. 

How does it compare to the other apartment complexes in the area?

It was a game changer for me when my traditional financing options dried up!

Also, when a buyer was buying single family home there would ask for a comp-based appraisal and a single family comparable rent schedule Fannie Mae Form 1007/Freddie Mac Form 1000. 

Look for borderlines, where the ghetto morphs into a comparatively nice street of houses, and figure out what anchors that area.

@Sean Morrisey you can do it the traditional way and find another property to 1031 it into or there are a few new options out there.

-Speak to local agents or other traditional lenders who may have a referral.Mark Ferguson goes over this in detail in his article here:https://investfourmore.com/2013/05/12/how-to-find-a-portfolio-lender-who-will-finance-multiple-investment-properties/Hope this helps and best of luck!