You'd be nuts to add a higher-likelihood-of-incident asset like a rental property and not shove it into an LLC.  

I didn't report the incident. but now we found some human poops in the garbage can in the laundry room. 

Have any of you dealt with insurance companies with an incident of this magnitude.

Anyway to answer your question David, once you have the lien recorded against the property to the benefit of the Wy LLC you could refinance, sell or do whatever you wish - when title search is run on the property you show the certificate of ownership to the LLC Also when you prepare your financial statement you will show the lien as a debt liability and the note as an asset - it is a neutral effect The only negative thing about this structure is you CANNOT set it up after an incident otherwise a judge could consider it an illegal transfer of assets - therefore it is important to set it up once with the proper Operating Agreement and leave it on going - all you do is once a year you just renew the llc with its registered agent etc which is less than $360 a year (lower than any insurance)Of course get liability insurance but be careful because insurance companies are the masters of denying claims or invoking contributory negligence issues etc but with this structure you are not hiding but they cannot do anything The company that set it up for me is www.kmagb.com (so no need to private message me anymore - I got a bit overwhelmed) btw they have an animated video of 3 minutes that explains it and I paid $5k once and have been set up for years protecting several millions in equity (my cost is just the yearly renewal of the llc) I am in full control and can cancel it anytime

Due to a leak that we are not aware of until this incident, the car got some spots.

In a decade we've had one incident of abnormal damage.

I know she said after an incident where a tree fell onto the roof of one of her cabins and she had to find a tree removal company and roof person at 10pm.

Say you've done it twice and it's his turn to take care of future incidents himself.  

It's hard to say if some incidents are wear-and-tear or damage.

There's no need to have the footage available unless an incident occurred so as long as the camera kept the latest 3 days ongoing I'd say that would be enough.