The system was set up to allow those claims to go through, and with the right legal help, insurance companies would often settle to avoid going to court.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Also, there is the issue of the legal ST rental regulations, which can be an advantage compared with the US or not. 

Could you legally begin to rent this unit in December?

I’ve read the legal paperwork regarding what’s done in order to quiet the title on a tax lien property. 

CfD is a legal contract between you and a buyer (aka your tenant) that states for $x down (secuirty deposit) and $x a month (monthly rent) for x months, they can live in the home.

Some states/cities legally require you to renew leases if they have not violated one of the "for-cause" eviction criteria (destruction of property, late/no payment, violation lease, etc.)

Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made. 

I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

Be safe, know the law, stay legal.