Best way to tap into rental home equity

[Dion Jones]

Hello BP world! I am some what of a newer investor and looking for some incite from seasoned real estate investors as to which Route I should take to purchase my next property given my current scenario. I have a property that cashflow's $300 bucks and is valued at 240k with a balance of ballpark 50k. I have a great long-term tenant that has completed a lot of upgrades and intends on purchasing the property as soon as she can bring her own financing(identity theft victim) or I extend her owner financing.Does it make more sense to do a cash out refi or utilize a HELOC?