Advice on selling to access equity

[Stephen Hood]

I have a current rental in Denton (3Bed, 2 Bath) that rents for 2,250/mo.  My Tennant is moving out next month and I am considering selling vs holding.  The problem I have about 120K of equity in the house that I would like to be able to access to put into some multifamily deals. However, with this being a rental property out of state, I have found it almost impossible to access any of this equity.  I have a 2.75% 30 yr loan on the property that is hard to give up. It cash flows gross $400 max and about another $450 goes to principal each month.  If I were to sell, I would look to buy another multi-unit property in a smaller town in the $100-120K range that cash flows $400. I just did a deal like this a few months ago on a triplex for 115K that is cash-flowing gross $600. So I would like to be albe to use this cash on 2 more of those deals.  Any thought are greatly appreciated