So a title search with an actual title company is ideal?

A Quickbooks sync add-in would be ideal.

It would be up to the two partners to agree on the terms of the arrangement and ideally put it all in writing.From a future loan qualification perspective this monthly payment will count against the debt to income ratio for all parties for future loans based on this bank/ car/ mortgage payment being reported to the credit bureaus.

Ideally, work with someone local and get out of this mess. 

Ideally from what I understand I would want these to be in B class neighborhoods with good school districts. 

I'd like them to have reputable experience with dealing with fix and flippers, not cost a crazy amount since I'm not going to be doing 50 flips my first year or doing any rentals yet, so it shouldnt be too complex (3-4 is my goal in an LLC), ideally a free consultation but thats not a must. 

Ideally you could completely renovate the whole thing and start over but that would obviously depend on your budget.   

I know I will find someone in the Toronto area and that would be most ideal for all parties.

I can't offer an opinion on this strategy but would consider it the least ideal way for you to buy.

The stronger the borrowers ' personal cash flow is then the easier it is for the bank to accept less than ideal cash flow for the property.As for the LTV of the property, typical guideline is 80%.