So far it is more of a test in my opinion. 

Saw a house with a For Sale by Owner sign in a yard with tall grass and after some drama, we have a house.We have dealt with long term rentals for over 15 years, but not aggressively ( keep them rented and do some improvements ).This "old house" needs, updated HVAC, new roof, new kitchen, some broken windows, upgraded electrical, water run off issues...I'm just starting to clear the house out with multiple dumpsters and starting to get quotes.  

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.

Your most likely better off doing a cash out refinance.

What they said^^^^Zero point in starting off your business adventure with a 'work-around' and potential fights and fines.

 Hello,I have 3 single family rental homes aprox net value after RE commissions-Closing costs for the total ($560,0000-580,000). these 3 are all paid off. 

I'm one of them, but I do require them for direct bookings off OTA platforms.

The former just don't put enough pressure behind the stream; you may as well be showering under a bucket with a few pin holes pricked in the bottom--these ones take too long to rinse you off, so people will take longer showers out of necessity.

Greetings BP folks,My wife and I are negotiating a deal in our area for a home that has a tax lien from the city and county.We have been working with the seller for quite some time and were offered the opportunity to purchase the home at a great price, we also have agreed to pay off the tax lien in addition to the purchase price.