Contributing the property into the LLC (Section 721 of the Internal Revenue Code, tax free contribution) would not be a taxable event. 

We watch House Hunters International and for some reason, they constantly pick the house that makes the least sense lol. 

@David Stuart - Look internationally. 

Oh yeah...the HOA is giving me very favorable terms on paying the dues in arrears for the quit claim deeds and any of their internal foreclosure as well.

In NB we are permitted a Security Deposit, but not to collect rent more than one rental period in advance.We have several student rentals here in Fredericton and rent both entire houses/apartments on single leases and rent furnished rooms in a duplex we own (mostly to International Students).Aiming to rent for September this late in the year you will want to make certain you have your application and screening process thought through and screen all candidates and their guarantors (being students they will likely need guarantors).  

Internalize your skill-set and what you are naturally good at and offer that to a real estate investor to help in their business (or another aspect of their life).

@Linda Weygant is the expert on Real estate and international tax. 

You even said so yourself: 10-15-20 years.But even without an end, there's a metric called Internal Rate of Return (IRR) that can tell you the estimated compounded rate of return over the life of the deal, even if the deal goes on forever.This is because there's something called Time Value of Money, where money earned later is worth less. 

The 50% number is either a LO that does not really know the requirement or it is there internal requirement for their non-conventional loan program. 

This dose seem odd I would say this is and internal policy so my guess would be that you can negotiate this as many are saying you are not qualified for there internal guidelines.