My dad is moving to charlotte. Is there any risks of having the deed to his current home transferred to my name?

[Ryan Howard]

I am still new to the real estate investing world. And before I found out about my father's move I was already planning on investing in real estate once I learned more and got myself in the position to start. But yesterday my dad tells me that he is planning on moving and that we need to have a talk about my future, if I go with him or if I stay here in Pittsburgh. My question is, if my father agrees to transfer the house into my name will I have access to the equity already in the home and be able to do a cash out refinance to jump start my real estate investing career? I've tried to search the forum for any posts with someone in a similar situation but didn't have any luck. If anyone has any input or better suggestions I would gladly appreciate your help. Thank you