I am desperately trying to understand and advise my dad on repercussions about this sale.Best, James

How can I find someone local who can advise me on whether it's a good idea?

Thank you for your advise :)

One thing I would advise is that by having skin in the game, you always risk things turning sour.

You should consider a local Realtor in your market to advise you and collaborate.

We offer both from a variety of outlets(and on investment properties which is rare), here's some examples of how recent clients have used a CES/HELOC for both long and short term purposes.That all said, for your purposes I'd want to dive deeper into your plans to repay before advising one way or another.

I would highly advise against this in C class neighborhoods at least in Columbus.  

No Jeanette Williams , Rosston Smith is advising the original poster to steer clear of the applicant and not responding to you.

Agreed with @Kory Reynolds’s points, great stuff here.Joseph - I’d advise your CPA take a look at IRC 301(b) and its corresponding regs.

I would also advise that you speak to the condo HOA regarding renting the unit.