Rental property without LLC - Due on Sale Clause

[Patrick I.]

Hi everyone. I am fairly new to the forum and have been doing a lot of reading to prepare myself for my first deal. I met with a mortgage originator at one of the large bank in Minnesota today who told me that a transfer of a property under a LLC would trigger the due at sale/transfer clause. From what I understand, it is recommended to have the investment property under the LLC for protection purpose. For my first deal, I am looking at a duplex or four plex for house hacking to get my feet wet. These are my questions:

1. Is there a bank or lender in MN that allows property transfer under LLC?

2. Is a LLC even necessary?

3. If transfer under the LLC of the property is not an option, how do you protect yourself against a litigation? Is an umbrella insurance enough?

4. At the end of the year, are you providing the rental m1pr form to the renters? How would you go by doing so without a structure such as a LLC?

Thanks