You've already allowed them to have one dog, I don't see how two will do enough damage to justify you loosing rental income, paying to rehab the unit & also fixing any damage caused by the dog(s) as they are already in there.

Based on that information you can create a loose estimate of what you can expect to bring in with the property... 

You won't be loosing anonymity as they won't be able to go the next step to know who is behind the anonymous LLC.

If it falls I not only loose value but my operating expenses are closer to break even.

He suggested since I own a s-corp prior to us being married, deed it to the s-corp, but then I loose my Homestead & my HELOC loan & would have to resort to a hard money loan of 10% instead of 5%.

I would keep her and not take a chance on getting a nice tenant who doesn't pay on time.Also you will likely loose rent during the turnover and have to paint and do other cosmetic repairs.

This is a much more satisfying result than loosing all your money and feeling taken advantage of.  

I am tired to loosing deals, bidding against myself, and the bank playing us against each other.

The snake got loose again!"

If you don't know what you're doing and loose half your family member's money, your family relations may deteriorate.I found this article listing 7 pitfalls family investments may have.