It also doesn’t make sense to buy as a business entity since you won’t have much assets to protect if you buy with low down payment.

It is always easier to do this in the year of purchase because there is a little more red tape involved by breaking out assets after the year of purchase.

What the roll looks like, your cost basis, when you bought it, the occupancy history of the asset, the market etc.

The percentage depends on the deal and the type of deal it is, whether they're lending on the asset (purchase price) or the post rehab ARV.The asset based lender will lend around 80% of the purchase price (after their own appraisal of the value), leaving you to cover the remaining 20%, any closing and carrying costs, plus the cost of the rehab. 

My current hurdle (and I'm imagining this to become more prevalent with the federal limit on property tax write offs) is that our exposure with the LLC. having a free and clear asset is large and homeowners insurance is denying us when I ask for a LLC.

Otherwise, there are generally no strict caveats here as long as you get the proper advice on moving the funds an setting up the correct entity for ownership of the asset.

I have a couple thoughts and wanted to see what this wonderful communities perspective/ advice is.I am 29, recently married and no children, I have no dept, the only asset I have is my vehicle I have 750+ credit. 

Possible in a one off scenario, but as a rule of thumb you want to buy your assets below their value, not above.

Does that mean that lenders of a traditional loan on investment property in a Non Recourse state can not go after personal assets except for the collateral property in case of default? 

In Florida,  LLC doesnt seem to add much asset protection.Thanks for helping a newbie!