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If you remove yourself from the deed, you are gifting your ownership to your dad which may require the filing of a gift tax return.

. $1300 for 3 months sounds high (but there are a lot of things I don't know about your situation)

Are you claiming the rental income on tax returns?

They are not tax related since unless you elect to be taxed as a c corp (which you should not do here) the income and expenses flow onto your personal tax return 

In a high priced market like ours, off market distress, vacants and tired out of state land lords is the way to go!   

But if you took a HELOC, which tends to have relatively high interest rates, your blended rate (the average of what you're paying on your mortgage plus the rate on the HELOC) would likely be in the same range as today's mortgage rate.You'd also only be renting out one unit, but by selling it might allow you to get more than one additional unit and still grow your portfolio. 

Thats only 6- 7%ish, .Nobody invests in that area for that low of a return. 

It highly depends on the type of loan and lender.

I highly advise you to contact me immediately via private message to get the refund process started.