Now, there are many other variables to consider (eviction moratorium, government regulations overall, etc.), so you really gotta look at the overall risk appetite you have as an investor. 

I am using private funds and then cash out refi so want the higher appraisal.Hoping there is somewhat of a common answer to this, but I understand there are a myriad of variables.

However, given how dynamic the market is in right now, you might find a lot of variability, so someone might be willing to sell for a higher cap rate now if they think we are in/moving into a distressed higher interest rate environment.

If so then sell, if not then hold unless you need cashMany variables to consider

There are a lot of variables.

It depends on so many variables in one's life that there is no one answer that fits all.

I was just guessing on some variables of the property and this definitely helped.

@Ashish ShahThere's no hard fast rules about doing a quit claim deed after a 1031 exchange, it really depends on a number of variables such as tax returns and how the debt is going to be allocated.

Map that into an equationAn equation has variables and an outcome.if "x" i the input variable, and "y" the equation,run all your initial condition traffic ( this is your x) i.e. the best attempt you have of traffic you think is motivated, and dump it into y (this is the mapping of a motivated seller) and if the equation converges, you have a group of motivated sellers. 

You'll lose that rate and your total monthly payment on this deal will skyrocket from what it is today.A HELOC comes with a variable rate that is generally tied to the Wall Street Journal prime rate.