There will be no power for a day or two depending on your licensed contractor.Plank or batten box house is same as a log house (can't conceal electric or plumbing well), I would make them safer.  

Should I transfer the downpayment to the LLC account as an owner contribution and then log the income as repayments back to me?

Plus a crap ton of logs...

Trying to get as much info and use the tools available here at bigger pockets, but weird glitches are making it more difficult (logging in for lease agreement).

Unless the property is local to you and you are driving to it and diligently logging your hours and why you are going and what you did, I would advise generally not putting it. 

However, I just logged in today to learn about the bankruptcy. 

I have logged out and in and selected all membership options as well as reviewed all notifications and messages in account.

All legal fees should fall on you to foreclose.NY is a horrible and expensive judicial foreclosure state that takes about 2 years to get title and that is before the 2 year back log from the covid foreclosure moratorium. 

If proving business use is challenging, consider using your personal car for these activities and logging the miles to claim deductions. 

A rental log showing below market rents... or a vacant property is also an indication of lower values.