My agent, for instance, called me just days before a storm to remind me I could still bind policies and even updated some coverage to ensure I was fully protected before the storm hit.

I also had some property I had to find different carriers for as well as having them remove the roof from coverage and other lame games.

Any suggestions for what coverages need to go into the property insurance policy? 

Along with the entity formation expenses if you create the separate management LLC, you will want to have general liability and perhaps even E&O or professional liability coverage.  

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

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

Talk to your preferred lenders about whether they see a cash our re-fi as being approved with the same standards as an investment, i.e. loan to value, debt coverage ratio, etc.

Also, the LLC does NOT eliminate any personal liability on the next loan application which is a popular selling point by ill informed DSCR brokers on this board (but they rarely mention the higher financing costs that come with financing in a LLC) IMO, proper insurance coverage is a better choice. 

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

My insurance doesn’t allow smoking and if I don’t address a problem when I discover it I could be at risk of a policy cancellation or non-coverage if the smoking were to set the building on fire.