Liability question for residential vs. commercial loan

[Kenneth Stamps]

I am about to make an offer on a 4-plex in Texas. I will not have the 2 year tax returns in order to obtain a commercial loan (I will have 2 years in April but I want to close ASAP). As such, I am exploring simply doing a residential investment loan which I have already been pre approved for.

My main question is; is there liability implications that I'm not taking into account for having this property in my individual name rather than my LLC? I do realize that a LLC inherently protects myself personally but am I opening myself up to this property by having it in my name? Is there any way to protect myself equally as if it were owned in an LLC?

I do plan on having “good” insurance on the property so I know that will help. I would appreciate any advice you all can offer. Thanks!