Stuff that I have heard from podcasts and posts..It is not difficult for judges in some cases pierce the veil of LLC, and lot of times a good insurance policy will protect you from lawsuit than LLC. 

Once issued, call back and ad your LLC to the policy.  

But if it's occupied with working central heat, then it should be covered on a standard Landlord Dwelling policy. 

You get a 1 year return policy.  

If you go with commercial financing, the loan policies are generally very specific to that bank. 

So my insurance agent is wanting to insure a investment property, Umbrella policy, a truck and 2 trailers(these are all for business use only) into my personal name there at the insurance company  but have it to where my LLC pays for this while keeping my other personal payments separate.This raises a red flag for me due to the fact that the LLC should be able to have its own insurance and not under my personal name.

For a fee... you're looking at roughly 5-10% depending on the deal, the market, the size of the property...as every one will differ obviously and different companies have different policies, etc.

Also get an umbrella liability policy.2) Buy something that needs work for a below market price.

I definitely see both sides of the argument but from a pure safety of investment standpoint, the sooner you can pay off the property, the sooner you don't have to worry about some kind of significant downturn in the market that could crush your cash flow potential. 

If its structural or a life safety issue then you need to take care of this.