New guy! Wondering if I score ok on LLC!?

[Whit Bowersox]

All right guys, been researching the site for a few days and love it! I want to see if I can score an A on my report card. So I had a home that I had to move out of and relocated to another state. As I am now entering the realm of investment property management I am now feeling the need to protect my personal assets by doing the classic "Put my rental into an LLC". Right now I have the property insured for $300,000 liability. So this is what I want to do.
- Don’t use a lawyer.
- Form the LLC and warranty deed the property to the LLC as not to terminate the current title insurance policy. It’s my understanding that this warrants me to be liable for the title after the transfer rather than a quit claim deed which would not therefore terminating the policy.
- Add the LLC to the rental insurance policy as an additional insured.
- Have tenant sign Estoppel Agreement in which the LLC assumes the current lease.
- Don’t care what the mortgage lender says, just do it!!

Well that sums it up. I’m sure most will score me an F since I hinted I didn’t want to use a lawyer. Great site though. I’m sure it will be useful for my future investment endeavors!