If you are trying to refinance using a conventional (Fannie/Freddie) loan you will need to transfer the property out of the LLC into your name in order to do so.

I'd reach out to local brokers to get a sense of what their off-market inventory is like and devise a strategy based on all your findings.Best of luck to you!

They'd be able to send you listings and if they're good, they'll even have some off-market inventory. 

We have a little over 80k saved and spoke with a lender who approved us for over 400K conventional loan.

If you're trying to get a conventional Fannie/Freddie loan asking another bank won't help.Your issue is they cut off at 45-50% max DTI and you are currently at 65%.You need to get rid of some debt, increase income, get a co-signer or look for non-conventional lenders.

With the potential of walking away with so much profit, we are debating whether it is short sided to change our plan from keeping it a rental or is it opportunistic to try to take advantage of a hot market with low inventory. 

I'm having a helluva time trying to get a few of the lenders that I have spoken to tell me how much exactly I can look to borrow for a conventional loan on a new residential multifamily purchase.  

Steady population growth, solid local economy, developing central business district-- all new downtown convention center coming soon. 

If your doing conventional financing, when you guys buy 1 home it’s as if each of you are buying and counts against you all so if you ever break away all the loans will count against you buying on your own. 

Publicly available vaults and exchanges dont have good inventory.