If you would like higher limits than $1M, you would get an Umbrella Policy.  

A first-time investor with limit resources to fund the remaining balance of the loan.

The main thing with real estate investment, from my limited perspective, would be to find the niche that best suits your investment style and personality and learn everything about that niche and do it as well as possible while continuing to learn and grow both your business and career.

I've always held title in an LLC name, the main reason being limiting my liability in the event that a tenant or someone else initiates a lawsuit or other action as a result of something that occurred on the property (nothing to do with financing- as you note the bank has the overriding claim).  

Also, is it possible for us to have him convey the deed as a limited warranty instead of a Quitclaim, without starting the quiet title process?

Property located in New Mexico, very rural, very limited in choice in repairmen and no property managers.

While meeting a pest control expert there, the tenants adult daughter said they threw away their mattresses about a month ago.

One problem I could see with this is that depending on how much longer you plan to move around you could reach your limit for being able to borrow for more properties and end up renting where you are stationed instead of owning.

But you don't have to do it in such a way to limit your active investing.Use refinances now while money's easy to separate your debt from cash properties and personal from business.I'm guessing that IN has protections for homeowners and your primary residence. 

And does this limit what I can apply these funds towards in the future?