Series LLC or Umbrella policy on networth

[Lisa W.]

I'm starting on my journey as an REI and am hoping someone can help with the legal aspect:

1) As I'm reading forums and accumulating everyone's "house hacking" ideas, there's been a conversation about Series LLC: one hand -- Series LLC being good to put each unit into it's own LLC an shield it from your personal assets and other units, but another argument being that Series LLCs are a waste of money because the individual still gets sued anyway) vs an Umbrella policy for my overall net worth, which will provide more liability protection than an LLC would. I'm just starting, so my net worth isn't that much.

2) If Series LLC is the way to go: I'm aiming for the units being in all different States (aside from California). Will a Series LLC opened in a State different than where the lawsuit occurs be an issue? I.e. if laws in the State of the lawsuit are more stringent than laws in the LLC State, will the LLC be nulled? I read somewhere that if the lawsuit occurred in California, then I would still have to pay the LLC fees for California even if the LLC were opened in a State that had it's own fees; if I wanted the LLC to cover the California unit.

Thank you, in advance, to ALL!!!