A few of them came back years later and paid everything they owed because my claim was preventing them from qualifying for a home loan.

•Depreciation Recapture: When you sell a rental property, depreciation you’ve claimed can be “recaptured,” meaning it’s taxed as ordinary income up to a certain limit.

Do you know how to claim various safe harbors (de minimis, small taxpayer, etc).

Once you start co-mingling the LLC's business with anything else you give an easy and clear reason for anyone suing you to claim the LLC isn't acting like a separate entity and "pierce the corporate veil" meaning that they could use that as a way to come after your personal assets as well.

My husband and I are high wage earners, so from what I understand, you can’t claim depreciation against your W2 income after a certain income level, but can you still claim depreciation on income made from profits on a rental after you’ve surpassed the income limit or is that still phased out?

I've seen Allstate and State Farm drag claims and deny claims for the dumbest reasons. 

But now that the sellers want to file an insurance claim, I’m assuming the claim will take a good amount of time to be processed.

Otherwise, should something go wrong, the insurance company may deny any claims. 

Next, you will need a real estate attorney in your state file a quit claim deed to change the title to the llc.

It's not a bad idea to sign up to their lists, but don't take their metrics at face value. 99% of the time it is exaggerated and unrealistic.