Not to deter you from getting an LLC, but I would look into getting a Umbrella Policy for your AZ home and get an amount of coverage that you feel is necessary.

Or at least know what you're buying and what you're not.They had coverage just a very bad adjuster.

Or should I just see if I can increase my liability insurance coverage on my rental property policies? 

Michael, the E&O will most likely exclude coverage for any deal you are an owner of. 

Also, what happens if you fail to maintain proper insurance coverage and their is a total loss due to a fire?

I felt i had to tell my story to explain why i want even poor examples of extra protection and why i over always go overboard on Insurance, way more coverage than needed and hardly ever used .

DSCR (debt service coverage ratio) qualifies you based on the asset itself cash flowing.

I would say the biggest plus for the service is convenience and the time that it saves if you aren't familiar with different types of credit cards and negotiating with the banks.Great for supplementing your repair budget for projects.

The 70% rule is indeed a common guideline used to evaluate BRRRR deals, ensuring that you can potentially pull most of your money out on refinance.When lenders offer DSCR (Debt Service Coverage Ratio) loans at 75% LTV (Loan-to-Value), it can change your analysis slightly.

We were contacted by our PM regarding this coverage and they recommended this company.