I am hoping someone can provide me with some examples regarding what kind of insurance coverage and business protection (specifically structure LLC, S-corp, C-Corp and the best combo for tax strategy) I should have for my two townhome rental properties now.

I am curious to hear who everyone uses for Insurance Coverage - as far as Carrier Goes? 

The national market has seen excessive rebounds beyond comprehension (roughly 10% y/y), and they are even higher on a percentage basis in our region (roughly 15% y/y).

You could also check to see who other owners have uses and who your agent recommends.Just because you start a claim with your company, you are not prevented from also putting a claim in if you find that she has coverage.   

I don't know what you've baked into your cash flow number but with another $2K/month of "buffer" expenses leaves you with $72,000 NOI. 72,000 / 599,000 = 12% CapAnd you have PLENTY of Debt Service coverage on it assuming 25% down at 4% amortized over 25 years. 

Thank you.If the property is not rural, just get a dscr loan (debt service coverage ratio). 

The underlying reason Federal Pacific panels are frowned upon (or denied coverage outright) by insurance companies is they tend to catch on fire. 

It's possible that policy would include some property damage coverage. 

I forget if the builder's risk has any liability coverage.  

In speaking to many local banks I am finding that based on debt service coverage ratios I am likely to receive around $9M in financing, and coming up with the rest of the capital is a challenge I haven't been able to overcome.I have discussed phasing with the city to try and overcome the issues with capital, and it is possible for me to phase this project all the way down to 1 or 2 of these 5 plexes at a time, but will lose some of the construction economies of scale, complicate the site plan/ permitting, as well as make the financing a longer more drawn out and complex process.