I purchased a home for my parents. I would like to get out of this completely can i refinance and change owner

Question

Im also under the impression that I have used my first time home buyer opportunity by having this condiminium and this home has increased 4X its value.

Answer 1

Yes, you've used first-time buyer opportunity, and have to wait a couple of years to use it again

To get out of this condo, you need to do a sale to your parents, putting title and mortgage in their names, (even if you're not charging your parents)

probably as an exempt transaction (from transfer taxes)

they'll have to qualify for mortgage, but if it's increased in value, that's additional equity, and makes it easier