Keep in mind the rental market has been changing seasonally these last few years so what is on the market this week seems to be setting the market price especially this time of year going into rental season.  

@Jena VailThat is how we prefer to sell owner financed is the 10/10/10 rule(10% down 10% interest for 10 years)We have modified this in instances for larger or smaller down payments or changed amortization but had a ballon

We chose HELOC instead of refi because we didn't want the rates to change (we got the first property during those golden days of 3% interest).I just recommend making sure the HELOC payment makes sense from a numbers perspective—consider the interest as another "expense" when you're calculating cash flow.

Management was negligent in that there solution for everything except the most dire problems was your rent is so cheap deal with it and nothing ever got done.

It conforms to recent changes in the law and also implements my approach to managing property. 2.

10yrs is a long time with a lot that can change outside of your control.

You can keep your Dad on title so taxes don't change while he is alive.

Has anyone ever done this?

My advice (based on my own personal experience with investing in the Columbus, Ohio market) is to secure the asset even if it's not bringing in as much as you desire (within your finanial means of course) because today is the cheapest that property will ever be. 

It is an interesting concept.