Unfortunately the bank loan market has become really tough, with the banks tightening restrictions, imposing difficult metrics to deal with and applying commercial rates and fees to my property.I've been able to get a basic commercial loan offer, not what I wanted, but what I could get.  1m loan, 5% fixed rate, 5 year term, 1.25% fees and legal up front, and a lot of paperwork and hurdles to overcome yet to ensure I actually get the loan approved.  

Compare this to your insurance deductible, which can be high near the coast and, as you mentioned, can be higher during a named storm.One wind claim during a catastrophic event should not cause your insurance premiums to go up, but if you have had multiple claims in the past 5 years, the frequency of your claims could cause an increase.The reason I do not advise you to call the insurance company first is that it will be entered as a claim on your policy, even if you ultimately do not receive any money from the company.I hope this helps. 

Maybe do a half bump the first year and a bump again the following year.  

So if I can handle repairs on 80 units and a full time job you can do one or the couple properties.

If you are planning on creating an business and a system / structure, part of your budget should be using your team and getting thing done correctly from the very beginning. 

And leverage BP by continueing to ask questions, and as you learn, begin answering questions of others. 

I'm not a lawyer, nor CPA, and you need specialized advice.The property was not transferred (warning: with a QCD you'll likely lose title insurance, use WD when transferring) to the LLC, so you have no asset protection whatsoever - you have a person with a house and a mortgage who is also partner in an LLC that has somewhere in the operating agreement that it has a buy&hold rentals purpose.

Does this cover your payment with taxes . insurance, and a little for repairs? 

These are professionals with additional training and a stricter code of ethics.

What I did for one deal is I combined a HML and a partnership.