I have federal health coverage so I will not be a part of the medicare program.

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

One other thing you need to get is some additional insurance coverage beyond what is normal for the US. 

The coverage cost has increased dramatically in the past few years.Alabama has the second lowest property taxes in the nation behind Hawaii.

He has done a great job for us over the years and from time to time will swap out insurance providers as needed for better rates, better coverage, etc.  

How much do you ask for the liability coverage to be when you ask your tenants to get rental insurance?

After the renovation is complete - you can either sell the property or refinance it into a long term DSCR (debt service coverage ratio) loan.

I think it's something like "supplemental lines"  where those providers fall outside the normal providers somehow - which gives them price permissions to charge more for their product - but at least you get the insurance.  

- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms. 

Maximum liability coverage and a good umbrella policy is going to take care of 99.9% of your needs and exposure.