I guess I'm not sure what is used to decide that besides living there, and us being on our current house's title and mortgage?

I've been to the tax assessor's office but I've had no luck in finding buyers just property information and the assessment of those properties.Is there a simpler way of finding this vital piece of needed data to get over the hump of selling my first home? 

more on that later)- One lease is up and being renewed as of 11-1-16 at $1175 for 12 months ($1100 when I bought it)- The other lease was renewed 30 days before the purchase for 2 years, and is stuck at $1000- Mortgages including escrow/taxes are $975.42, and $966.83 respectively, so I am cash flow positive a total of $240 for both properties roughly, not including any repairs.Some other interesting information on the purchase:- At the time of purchase, the wholesaler we worked with fed us bs on what the rent rolls were. 

My wife and I are both real estate agents here as well, and we would love to network with whomever is around us be it another agent, investor, property manager, etc.

I want to find a way to pull cash ($200K) out of the rental property and invest in the business to get me over the hump (which is between now and March of 2016).  

However, as interest rates charged to LLCs are so much higher this way, we've also discussed one of us being the one to take out a conventional mortgage.

There is 1 hump  near the back door and I'm just not sure what to do at this point should I walk away.

You just have to work him over the worry hump.  

For a residential property, it's all about your ability to carry the loan.After you have started a financing application with a lender, they will ask for other information such a letter from your insurer indicating you have coverage and they are the {primary} named insured.As far as how to provide all of this to the lender, we normally provided electronic copies on an encrypted usb stick/thumb drive and then provide the agent with the decryption key out of band.

Sarah, sounds like you are using an excellent avenue to generate some business for yourself, I think you are missing some critical components to help you get over the hump, you may already be aware, but I suggest the following (3) steps:1) Use an experienced 203k lender, not someone that has done (1) or (2) just google 203k lender for your immediate area, call (3) get best rate, listen to experience pick (1)2) Its all about value, in some cases you can go 110% of appraised value, giving you more money for your renovation if you need it, depends on your situation and market.