I agree the liability or umbrella policy seems like a much easier route.... but I created the LLC already before I realized that, so figure I might as well try to get it figured out.  

I agree with @Jonathan Klemm that you don't need an LLC - you can also just purchase umbrella insurance policies.

With this policy i dont need an umbrella because it has a liability up to $1 Million. 

I always make sure I have a good umbrella policy but I would also be interested what other folks are doing for insurance.

For those that might holler about liability protection:  we have kept them leveraged with cash-outs, have a substantial umbrella policy in place, and very simply we just make sure we keep the properties maintained and are good operators with happy residents.We are now transitioning into a more commercial space and plan to roll out that LLC structure.  

Get the homeowners/landlord's insurance, perhaps an umbrella insurance policy, and keep your property/unit in good repair.

Asset protection - You have insurance, a mortgage and you can add an umbrella policy if your losing sleep over this to give you 3 layers of protection with no need for an LLC.Tax Advantage - There is no tax advantage with an LLC.

I should have asked why, but got an umbrella policy anyways for my personal house, cars, and this investment property.

Until then, get a good umbrella liability policy that will protect you in case someone slips and falls etc...

Here is the table of my journey:DayDateStart TimeEnd Time11/28/20215:55 PM6:15 PM21/29/202131/30/20218:00 AM8:15 AM41/31/20213:00 PM3:15 PM52/1/20216:15 PM6:30 PM62/2/20215:50 PM6:20 PMEmailed two loan officers asking if they could give me an idea on the interest rate I can get (heard nothing back)72/3/202182/4/20217:20 PM7:35 PM92/5/202110:20 PM10:35 PM102/6/20217:25 AM7:40 AM112/7/20219:20 PM9:35 PM122/8/20214:20 PM4:35 PM132/9/20217:20 PM7:35 PM142/10/20217:00 PM9:15 PMAttended the Feb StL Real Estate Investor Meetup152/11/202112:25 PM12:40 PMScheduled time with Peter MacKercher at StL Mogul and filled out his questionairre.162/12/2021172/13/20219:10 AM9:25 AM182/14/20216:20 PM6:35 PM192/15/20214:30 PM4:45 PMChatted w/ Peter MacKercher from StL Mogul Real Estate202/16/20214:30 PM4:45 PMReached out to Peter's loan officer and researched Tower Grove Neighborhoods Community Development group regarding their tenant screening process212/17/20217:30 PM7:45 PMFilled out my loan application222/18/20217:05 PM7:20 PMSigned off documents on new umbrella policy for primary home232/19/202112:30 PM12:45 PMProvided Chet more info on goals and investigated the docs he needs242/20/202111:10 AM11:25 AMReviewed pre-approval, reached out to Chet and team with questions and thanks, emailed Peter asking next step and some questions on other things to consider right now252/21/2021262/22/20217:00 PM7:15 PM272/23/20217:20 PM7:35 PMGot back to Tyson with Mogul (agent) and reached out to Eric Brand from Shelter Insurance, researched the type of lawyer I would need for writing a lease (Real Estate lawyer)282/24/20214:45 PM5:00 PMSpoke with Tyson about what I am looking for292/25/20218:15 PM8:30 PM302/26/2021312/27/20217:00 AM7:15 AM322/28/2021333/1/20214:25 PM4:40 PMSpoke with Eric Brand from Shelter Insurance343/2/20215:55 PM6:10 PMUpdated spreadsheet with insurance info from Eric Brand and reached out to Tyson on advice on making low offers353/3/20216:05 PM6:20 PM363/4/20216:55 PM7:10 PM373/5/20217:40 PM7:55 PM383/6/2021393/7/2021403/8/20216:30 PM6:45 PM413/9/20218:35 PM8:50 PM423/10/20217:00 PM8:00 PMAttended the Mar StL Real Estate Investor Meetup433/11/20217:30 PM7:45 PMSent Tyson a list of properties to try and walk through.