Which insurance option do you use and why?

Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. 

@Alexander Nason - it may also be worthwhile looking at a Fannie Mae Homestyle Renovation mortgage: https://www.fanniemae.com/content/fact_sheet/homes...Homestyle loans require a higher down payment for 2-4units and loan limits aren't as high as FHA in some areas, but I think this could be a better option long term if you can figure out the remaining down payment:No upfront mortgage insurance premium (1.75% on FHA)Cancelable mortgage insurance (once you reach 22% equity) We bought our 4-plex with an FHA loan and it has been incredible - 3.25% interest rate and 3.5% down on $700k would be really challenging outside of FHA, but my mortgage insurance is almost $600/mo. 

The reason is that you will likely pay a marginal more for property taxes after you renovate, marginal insurance premium increase, tiny bit more utilities, and that's about it.

The idea of insurance vs an LLC is silly.

If it is anywhere near Houston your insurance cost also seems fairly low. 

hey my name is cobi maimon I have been learning and educting myself over the last couple of months about real estate and feel like im ready to get started.I am moving to Scottsdale AZ in a couple of weeks and i am looking forward to start building my core team and get to know investors from the area as well.So I am planning to foucs on multi families to buy hold and rent and I would like to get some recommendations for excellent 1.mortgage banker2.insurance broker3.property manger  4.closing company5.realtor Thank you in advance for taking the time to help me out and good luck to all of us :)

What insurance firm do you recommend in the tampa bay area?

Insurance tends to be state specific.  

Just taxes and insurance and 15% equity plus an exit already mapped out for him/her.