I think I could bump the rent on the 3/2 to $1100-1150 without losing the tenant and keep within market range.

Current market value of home: 150,000Current principal balance: 100,000 Are we losing some equity by doing a Cash-Out refinance vs just selling the home?

You should compare any real estate deal's cash on cash ROI to whatever cash flow you would lose from that business. 

@Marc Rice true, what I meant was more that locally if I can get a property stablized with $0 in, I'd more than likely be losing money every month.

you'll have $170K of funds tied up for a few months while you go through the rehab and then refinance. if another deal comes along you could lose out on it if you don't have any cash.

@Jayden Hamilton don't be in a hurry to lose your money.

If anything, you can waive your inspection contingency and still get an inspection - you would lose your EMD if you pull out though. 

Be careful with the advice you get from those who have nothing to lose by giving inexperienced advice, no matter how well intentioned it may be.

Congress moved quickly at the start of the pandemic to establish expanded unemployment benefits, stimulus checks, and nationwide eviction moratoriums in an effort to ensure that America’s renters didn’t lose their homes.Investors took notice that the government was investing in housing as an integral part of a pandemic recovery strategy, unlike any other CRE asset class.

You can raise the rents (and risk losing tenants), lower the expenses (if possible) or find another property