Some non nimby (YIMBY) who can be affected have limits.  

I'd like to use an online legal source to set up a living trust containing one asset only: a single family home.

As someone who owns and manages short term rentals, unless you have contacts you trust in place to do everything, self managing is not setting your property up for success from the beginning. 

For some people this is fine for others, it will ruin their quality of living by making them stress heavily.Consider your personality and how much stress you can handle before life sucks for you then set up your growth plan to fit.

Still need to learn what type of trust is set up. 

@Robert Medina Online presence is something I'd look into before setting up those appointments to interview, to save time and effort knowing that you are talking to someone who at least has a level of expertise.I tend to look at these things to start: What impression do they give you online (professional or not/resourceful or not)? 

Just ensure you comply with your mortgage terms and local regulations.Financial Planning: With limited savings, it's critical to account for all potential costs, including maintenance and vacancies.

My question is should I set up an LLC now or is an Umbrella insurance policy fine to start with?

Gino Wickman is the man.Looks like a pretty good start so far.Something I did initially was leave out amounts when setting out 1 and 3-year plans.I'd recommend getting a bit more specific.For example, the 3-year plan includes a goal of $1M revenue.

Usually you are limited to 80% LTV on a property like this but do speak with a loan officer right away to know the specifics on your scenario.