That on top of the escrowed payment of 1 year of property taxes and insurance upfront (which was not disclosed to me, until I got a loan estimate) has also increased the down payment by $7,500.

If it's a specific job such as plumbing etc, get several quotes from licensed plumbers. 

What are some of your liability and insurance challenges in your area?

Refinanced the mortgage and property taxes and insurance are 700 a month each.

You guys will probably have to buy a house together personally and contribute the asset to the LLC if you really wanted an LLC(or get a good insurance).

@Aarti Bambha  Our group insurance agent  can work in both States.

Price is 210000 taxes are 2100 insurance is 1400 vacancy should be 1 to 2 percent .

Here's reasons why-https://www.biggerpockets.com/renewsblog/2013/08/1...In short though, I don't see a benefit to an LLC for one property that would cover anything more than an umbrella insurance policy would, and umbrellas don't bring all the drama that LLCs do.

@Alex StauntonA quick analysis:Monthly ExpensesDebt +Taxes+Insurance+Other Expenses ($4,800+1,100+200+3,000)=9,100Total Monthly Revenue = 9,000You still have not included property management (if we assume a 10%) you are looking at about 10k in expenses and 9k in revenue. 

After that it would be plumbing and electrical because of permits and more skilled labor needed for those trades.