Rental Property Business Structures + Asset Protection

[Brandon Lashmet]

Below is the current situation and I would like to get perspectives on the best way to protect a new rental property purchase.

Current Setup:

CA LLC 1 (1 long term rental property)

CA LLC 2 (1 long term rental property)

CA LLC 3 (1 short term rental property)

CA SCORP 1 (Real Estate Business)

New Addition:

4-unit multifamily rental property in Rochester, New York

I've read so many debates about LLCs vs Umbrella Policies for asset protection and not even sure that the annual CA LLC fees are worth it ($800 per year, per LLC).

What's the best way to handle asset protection for the new 4-unit? Merge with an existing LLC, create a new one, maybe just purchase an umbrella policy?

One option that was recommended was to create a Wyoming land trust and\or LLC for better anonymity, but I don't know too much about that.

Any advice appreciated and let me know if any additional information is needed to better advise.

Thank you :)