Overlooking Proper Market AnalysisMany hosts set their pricing based on intuition rather than data.

I read somewhere about setting up US LLC - but I don't know how quailified the person was - my own understanding is for a Canadian to set up US LLC, we will be exposed to double taxation.

You want to be set up right, so your assets are protected!

I would recommend starting on tax planning for 2024, then when it comes time to file next year you are already set up. 

My opinion is that you're approaching the NYC market with the frame of reference from another market and you're setting yourself up to fail.

I have a property I own outright in the Cleveland, OH area and would like to set up a HELOC on.

Occasionally if we need a full set we will bid the two against each other to see who comes in cheaper.

It's best to set expectations upfront and ensure they're going to cover all of the areas that you need to see.For inspections, while it depends on what your main goals are (e.g., price vs. quality & comprehensiveness), you can usually find plenty online.

Is there another way to set this up when starting your LLC in the first place? 

Sold a rental with ~$260K adjusted basis for $615K.