1st post* technically my dad owns the house...but...

[Sergio Rios]

soo..

my dad bought a rental property 3yrs ago and i liked it so he let me move in and pay the mortgage along with the other obligations.

it was 100k, he put down 20k and the rest is history.

My wife recently started working as a registered nurse and has given us an income boost.

we want to buy a bigger house in 2yrs and keep this house as a rental property.

we want ownership of the house also incase my dad gets divorced from his wife or he kicks the bucket.

my question: Is refinancing for the remaining balance + my dads 20k my best option?

open to any advice or suggestions.

i don't think a quit claim deed would work because it would give me ownership while my old man still could be potentially left holding the bag in case we flaked.