I think he might just increase his insurance liability coverage per property.

I personally don't like pay too much attention to ProForma as I can't predict the future so I usually just like to know if cash flow is good AND more importantly if I'm financing, if the DSCR (debt service coverage ratio) is high enough to safely qualify for financing (usually above 1.2). 

Instead, focusing on solid insurance coverage and reducing risks in your day-to-day operations can be more effective.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Coverage would be close to 100%, depending on the interest rate and what rental revenue is assumed during the purchase. 20-25% down is fine.

Adding an umbrella policy could boost your liability coverage, but it won't replace landlord's insurance.

Most importantly, insurance coverage > LLC for liability protectionThat said, to answer your questions...1.

It doesn’t hurt that the Charlotte MSA is now Statesville to Rock Hill, Hickory to Salisbury with coverage at all points in between.

With the turmoil in the Market in FL, you may want to ask about the things that would cause issues getting coverage or causing higher rates.  

DSCR stands for Debt service coverage ratio.