The State Farm quote has a higher deductible. 

However, the cashflow is unlikely to make up for the increased equity gains, reduced vacancies, tax deductions, and other benefits that come from diversifying.I recommend you build a strong foundational understanding of real estate investing.1.

Renovated a house-hacked but because of the income, we could not deduct expenses  Should we put all our properties in an LLC?

If there is a $100,000 loss, the payment under the policy would be $50,000 (less the deductible).The named insured on the policies need to match the ownership. 

This method allows you to deduct an equal amount of the cost of the property each year over its depreciable life.

Low rates, cover $20K plus, low deductibles.

You can continue deducting mortgage interest and depreciation if the property is owned by an LLC.If the LLC is multi-member, your share will be based on what the LLC agreement says.

You could ask your accountant about options for bonus depreciation or possibly updating the properties in order to receive depreciation deductions or write-offs for repairs, maintenance, etc.

You can generally deduct your business expenses not paid by the borrower.If you’re running a lending business, no matter how small, like any other business, you can deduct all reasonable and customary expenses.

This is less possible in some C- to D neighborhoods, but C and up should all be on auto-pay, so the late fees get automatically deducted.2.