The tenant has two types of coverage: liability and personal property.

Who gets blamed for and/or has to handle the following unique to nonfamily roommates:1) Missing personal possessions?

He would also be exposed to liabilities related to the property, such as lawsuits or property damage claims, which could affect his personal assets.

I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.

I'd be going to as many in-person networking events as possible...here is a list of the BP events:  https://www.biggerpockets.com/forums/521-real-estate-events-...I have a separate list that is more encompassing that I can share as well!

I've personally sold a number of properties to VA buyers.

I won't have time to shop for things in person.

@Nina Erlandson Personally, I have not heard of Obie Insurance.

I personally only use TN LLC because I am diligently maintaining all corporate formalities and staying up date with state LLC laws, this is my personal choice but again.. this all depends on your specific risk tolerance and investment situation. 

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.