As a buy and hold landlord, with middle and slightly upper middle class tenants in relatively new properties in above average neighborhoods and professional property management and solid property and liability insurance (w/ umbrella ins as necessary) I see absolutely no need for an LLC.However my risk profile is different than yours, so there you go.  

I happened to speak with a real estate attorney recently who had mentioned that the bare minimum they would recommend for each property is $1MM per occurrence and have at least a $5MM umbrella policy. 

@Sokhna Wade you could also look into getting a personal liability insurance policy, also known as a umbrella policy.

I’ve heard of an umbrella policy which would be one policy that will cover both properties but I’m having difficulties finding a policy in Florida.

You could even add an umbrella policy if you wanted even more protection.

Quick one - Under contract on the first out of state rental (SFH - 3/1) - inspection early next week, having a friend go to it (he is a handyman) to walk with the inspector to give me honest feedback otherwise im flying up for it.Using second home mortgage for it with 20% down - Plan is to keep in my name and just get a big umbrella policyAnything else anyone suggests to make this go smoothlyProperty management company in placeThanks in advance

If he buys a suede jacket, will you follow him around with an umbrella so he doesn't get any rain on it?

@Chris JohnYes most new investors think Investing is all about Cash-Flow and they believe any property that did not cash flow in the first month or two is a bad deal (most new folks don't look beyond the first month).Cash-Flow is great but is only a jacket or umbrella for the cold and raining days. 

Umbrella Policy? 

I definitely got umbrella policy being out of state.