Income vs. Assets: Keep rental income or sell rental house w/profit?

[xaniamom]

@SeekingPam

In the year she sells how much is income will depend on her profits. For this the $75k number is not important because according to the OP if I understand correctly, 75k is her equity not what the entire property is worth, presumably that is more and profit will depend on the purchase price and the selling price after deducting expenses.

Isn’t the equity (for FAFSA/CSS) defined as what you could net if you sold it today? In that case it would be $75K? (just going from her numbers)