Can you suggest a comprehensive starting point for me?

I just wrote a client on a duplex in TX, $190k on coverage, same 2%wind/hail TX deductible and it was right at $1300. 

On the condo how much coverage are you responsible for? 

@Carlos Silva here is a quick list (not comprehensive) of what the IRS considers "like-kind" real estate in a 1031 exchange:single-family residentialmulti-family residentialcommercialresortfarm or ranchstorage facilitynet-lease managementunimproved landwater rightsoil rightstimber rightsproperties with a TIC structure or other fractional interestsoptions to purchaseconservation easementsDelaware Statutory TrustsSo you can use your proceeds as a down payment on any of these as long as your intent is to hold them for long-term use (investment or business). 

If you have a rental property, liability coverage should be enough when you are smaller.

I would also recommend an umbrella policy over a LLC just starting out for liability coverage.

I received a quote for an annual premium of $935 for $100k of liability coverage and $3k of medical payments.

. # 2 DCR (Debt Coverage Ratio) - Min of 1.33% If you keep these tow numbers in mind you will never go wrong and you can keep building one after the other regardless of your job situation.

I realize this will not fully protect me and I could be at risk but I don't feel I have enough assets to have to worry at the moment so will rely on my umbrella policy for liability coverage.

I have a deal I am working on purchasing and the DSCR ( Debt Service Coverage Ratio) is through the roof.