Buy/Hold and leverage... quit claim, dump it? Advice needed :)

[Ross Y.]

Team!

I"m in the middle of rehab and I"m questioning myself pretty hard on what to do. Your input would be great. Please review my numbers and provide thoughts.

Property is in A- Neighborhood in San Diego, California originally purchased for rental (would like to keep)

Purchase Price: 224K

DP: 25K

Rehab Cost: 15K

ARV: 250K

Gross Difference: $11K

Mortgage Incl HOA/MI/PITI: $1520

Rental Market supports: $1995

Gross CF: $475

After appraisel going to drop MI, gross CF goes to $555

Everything brand new, not a lot of maintenance

I'm using my own cash here (borrowed 19K against retirement funds, i'm just paying myself back @ 5.5% interest so i'm not too worried about the 325 it's costing me per month). I want to free up the money I've put into it so i can move onto a different investment but i don't want to necessarily give up the property. Please confirm/deny my thinking. Since it's listed as primary, After dropping MI, get a HELOC up to 95% LTV to get out my DP and rehab money. OR quit claim it to my corp, flip it and keep the money in the corp to use on another project? Any other thoughts on how to free up the 35K invested?

Thanks BP