If you have equity you can refi or sell.

We're able to put two 8-plexes on the property and in Victoria ocean view 2 bedroom, 2 bathroom condos sell for over $900,000

If I didn't need the cash to buy our next home I wouldn't dream of selling it because of the great rental potential.

What if the appraisal comes in $50k under selling price.

Thanks, Alex I would look to track record and solid digital Prescence, good website, solid record of online reviews, etc.One thing to note is that it is going to be tough "breaking in" with the top mortgage brokers, because by definition of being top brokers, they probably have a good track record, experience and relationships with a lot of lenders - so its typically high risk low reward adding a new lender or one without a long track record to the list. 

Option b: Sell the property and 1031 the balance to put down on 2 other properties. 

high days on market & you just so happen to offer low in the right way at the right time.. but mostly you’ll have to go offmarket to buy a nice property at a discount. from a seller who needs to move fast and doesn’t want to (or doesn’t have time to) hire an agent. in more expensive markets especially, people with nice properties know they can sell high on-market, so they’re less likely to take a low offer offmarket, but it’s not impossible. 

Mortgage lenders have to sell these loans on the secondary market to avoid massive interest charges to their short term (warehouse) lines of credit, and allow for the liquidity needed to continue lending to the next guy... its kind of just how their world continues to go around. its rare these types of things happen, but it does happen. 

For example if there was a court appointed guardian for an elderly or incapacitated person and the court appointed a realtor to sell the house.   

Look at how much it costs to sell a home.