An LLC is really to help protect you and your assets in case of a accident or the liability of injury occured on or in your rental. 

So you need to look at length of time in each place by each of you and the appreciation that has occurred during your stay.

I would also have them sign they understand and that they will be responsible for all damages including cleaning fees if anything occurs from this animal. 

You may need to have an abstractor run the chain of title via grantor/grantee and see if somewhere in the back chain a transposition error occurred that might be able to be cured. 

Recently, with inflation skyrocketing and mortgage rates bringing correction to the over-valued GTA market, I started to look elsewhere.It occurred to me that smaller cities that aren't subject to such hard land speculation and coupled with every-growing demand (e.g GTA, GVA), hold their values pretty stable throughout RE cycles - or at least don't get hit with such violent volatility.

Recently, with inflation skyrocketing and mortgage rates bringing correction to the over-valued GTA market, I started to look elsewhere.It occurred to me that smaller cities that aren't subject to such hard land speculation and coupled with every-growing demand (e.g GTA, GVA), hold their values pretty stable throughout RE cycles - or at least don't get hit with such violent volatility.

Purchase price: $104,000 Cash invested: $15,000 Purchased in 2018 after a fire had damaged the building 2 years earlier; due to lack of capital was only able to purchase one unit, and am always on the lookout for situations similar to what had occurred with this building.

But who gets taxed on the income occurring during the 2-3 months until it's titled to me?

There are more creative options available in this stratosphere at or around 6.5% but just an illustration of how historic the acceleration and deterioration of readily available cheap credit has occurred.

And the insurance company is going to try their best to make an argument that it's a pre-existing condition occur prior to the coverage period started.