Probably a DP-2 would suffice, though at a 1.1 million dollar pricetag, you might consider a DP-3, which would cover you to replacement cost in the case of a loss.The pandemic has no bearing on any of these details, and most people I know have seen little to no impact in rent payment or tenant availability.

@Jesse PierceThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Both tenants of the duplex were special needs and, suffice to say, the place was rough.

One large washing machine should suffice but a second cant hurt.

A sliding glass door in the walkout basement area does not suffice for the emergency escape for the bedroom.

After reading the book on Tax Strategies for the Savvy REI and the  book Advanced Tax Strategies both written by Amanda Han and Matthew MaFarland that just working with any CPA will just not be suffice.

Now, I don't know what happened there, but suffice to say, I am working with someone else and I have kissed that property goodbye.Next property was what seemed like to me a good deal and that's the one I originally mentioned on here.

But a fence on the pool edge may suffice. 

Would the “ARV” of the improvements suffice for a lender, or would we need to come to the table with a % down, some amount of cash reserves, or other collateral?

Specific wishes may be better served by a trust, otherwise a LLC would suffice.