I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was bought April 1st by an private equity company who gave all the residents a 60 day notice to vacate so they could due a total rehab.   

We could maximize our capital (~$150,000), but lose any future cash flow with the property.3- look into a 1031 exchange for a multifamily or small apartment complex.

Cash out Refi property located in Northern NJ, and hypothetical purchase mixed use or multi family apartment building located in Brooklyn most likely

I highly recommend checking and verifying IDs.

As well as guest room in the main house.These properties are all personally owned and obviously highly leveraged.

You can forget any large bank like Wells boA or large regional s I highly doubt with your scenario they will provide any credit to you.then you have the Brokers who are responding.. they set you up with a direct HML that does vertical Rates 10 to 15%  and points 3 to 6.. of which the brokers take 2 to 4 points for setting these up for you. 

People said prices were out of control and way too high in 2014-2016 (you can find many threads on BP about it). 

I currently have an apartment building under contract that's in Canton,PA and I have been looking for lenders.

However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

We also held the property for more than 10 years allowing the value to rise.