Should I form an LLC?

[Josh C.]

I have two rental properties in Texas in my name and was researching about possibly doing an llc for future ones. The draw backs of an llc are looking pretty bad like:

- lawers can pierce through protection

- insurance company lawers will only represent individual not llc

- forced to use commercial loan, which has higher rates

- confusion on how many LLCs to actually create

I like the idea of not getting an LLC and getting an umbrella policy of maybe 2 million. My plan is to purchase around 25 properties. Is this a bad way to go? Has anyone had over 20 properties in their own name?