But where I currently live (SF Bay Area) is so expensive.

As far as renovating a basment to be a  separate unit i recommend working with a licensed general contractor.

So the requirement must be from some other aspect of the deal....funds are coming from a 1031 or SDIRA etc that is driving this requirement.As far as the contribution/buy out idea and being dilluted, I don't see how that is any different than your original proposal.

The point to my comment is that when comparing equally a quality trainer and a quality forum IMHO the trainer will trump the forum.The knowledge base of the forum is so vast that without specific direction from a quality trainer an investor will be a little lost and may take the wrong direction to accomplish their personal goals.

As far as tax goes, ask your CPA.

Based on your assessment of the spread, if it makes sense, then jump in and make an offer but try to push the settlement date back as far as possible to give you enough time to come up with a detailed execution plan for turning the property back into market. 

The only bit I'm not sure about is the landlord insurance --  so I'll work to get that sorted.Really excited to get the wheels turning, here.Again, super grateful for your help as far as thinking through the details. 

That is so much different than all online.2. 

It makes me nervous that one payment missing $150 is so impactful on your business model.

AP is so-so but Intelius is for the most part AWFUL!