@Uneeq KhanAn LLC is irrelevant to the process and decision.

If using a HML was going to cost $2,000 more than using your HELOC, but it gave you the piece of mind that if anything goes wrong with the deal, your house is safe, is it worth it to you (the decision doesn't matter what anyone else says you should do - what's right for someone else may not be right for you). 

Because I was introduced to Rob Moser by Corey Curwick Dutton from Private Money Utah, I made the decision to work with her.

So, would you be moving because it's the right overall decision for your family, or just because you don't have enough space?  

@William Allen What to do in my life has definitely been a challenging decision for me the last few years.

All the options we presented worked for us and we let him make the final decision.

The place to start is by asking the seller what the insurance company decision is—if they will share that info, that might tell you some of what you need to know.

I plan on using the HELOC for BRRRR.I need to make a decision soon.

I was also thinking I could rent it out, wait for the refinance period in May, and make a decision then.

Just a quick piece of advice, the daughter must have conservatorship over her father - signed by a judge (the person living with dementia maintains the right to make his or her own decisions as long as he or she has legal capacity.