How to protect my asset besides using an LLC or Corporation?

[Joel Gierbolini]

I have plan on buying a duplex and house hack by renting one side and Airbnb the other side. The plan was to purchase the duplex and than put it under an LLC to protect my asset. I was told I can't because I would be putting 5% down payment and in the eyes of the bank I am going to live in it. Supposedly if I would put the duplex under a LLC I would have to pay the property off in 90 days. Is this true? If is true, than how can I protect my asset in case someone wants to sue me?( not that I'm expecting to be sue but you always should be prepared for anything)

Help please! Gracias!

[Jay Helms]

@Joel Gierbolini - talk to your insurance broker (who holds your auto policy) about an umbrella insurance policy. $1MM-$2MM policy should be <$200/month.