If you decide to sell the home look for an apartment deal that instantly provides positive cash flow. 

We have decided not to buy here because it is too expensive to buy-in AND rent control has been floated around city meetings.

We decided to rent our home out until we could figure out what to do next. 2 years later we are now starting to get into real estate investing and we are trying to find a way to be able to tap into the equity that has built up in our home in order to get our investments moving, but we are running into issues with this since the home is now a rental property and not our primary residence.

I'm not completely familiar with any of those areas but if you do decide that is the area for you, I would make sure a get some solid, reliable contacts with boots on the ground there, and that's not easy to do

They decided that they needed to move closer to family as one of them started to have health problems.

For those who do package deals how to you decide if asking price is fair?

I need help from smart people on this forum to decide whether my rental property should be sold or kept.

You should look at some of that and decide what speaks to you.If you do this and you're still in the ' I just want something I can make money off of mode', let me suggest this.

I also recommend you contact your nearest HUD office and ask them for any/all support on this issue because you are in a litigious state where idiots sue and idiot courts decide in their favor.

I guess my question is, do I keep the tenants, forgo the rehab for a while and collect the cash flow of around 225 a month and later on down the road decide weather or not to extend the lease and rehab then and find new tenants...