Additionally - this would be our very first investment property that happens to be out-of-state as well. 

Also, you may want to have them quote an umbrella policy to give you additional Liability coverage. 

At one time, my only debt was my mortgage... then I moved 1000 miles and all that changed.

The AIO is our only debt on the property and is in our personal name (not an LLC) as a requirement of the loan.We are looking to do an extensive addition/remodel on our personal home, and given current rates, we are considering using the AIO loan to help pay for it. 

Essentially at that moment you own them outright and could sell them without additional tax. 

Yes, insurance should be in the LLC's name in this instance and you should also have yourself as an individual and "yourself, Member" listed as additional insureds.

Some investors cringe at the thought of getting a loan, which they call debt, while others cringe at the thought of spending a dime of their own money, and finance 100% of the property, which they call leverage.And then there's plenty of us in between the 2 extremes.

@Nicholas L.Of course, additional rules won't protect 100% but at least something to use if anything goes wrong because my last tenant cost me more than 7K to repair. 

Financing: I have about $1.3M to deploy right now and will have additional ~$700K (sale of primary home) to deploy in 3 years (total $2M). 

will add it to my template response for why house hacking is better, why it works in expensive markets, and how the goal is not to 'cash flow.'