Erin,Were you able to find insurance? 

Quote from @Marc Zak: Anyone have experience on the issue of getting insurance on a property held in an LLC?

Insurance-  replacement costs.  

SIGNED STATEMENT OF INSURED AS REQUIRED BY SECTION 3905.33 OF THE OHIOREVISED CODEThe named insured ___________, acknowledges that the insurance policy (other than life insurance) as described above is to be placed with an insurance company not authorized to do business in Ohio.The insured understands that the insurance company is not a member of the Ohio Insurance Guaranty Association and that Chapter 3955. of the Ohio Revised Code is not applicable to claimants or insureds of said insurance company.

Usually when I close on a house, the insurance company sends out somebody to do a visual inspection.

The insurance payout also impacts your taxable gain.

We don't rely on insurance, they love to deny.

I found some articles and old forum posts on BP last night that discussed problems with financing and insurance for this arrangement. 

I'm going to ask my insurance company.

I have a couple insurance brokers that may be able to help.