We have carefully studied our options and are considering the best ways to structure our investments.One option is to purchase the properties through a LLC for liability protection.

Hey Mike,Just remember that there are multiple aspects to consider when using an LLC for real estate investing: tax, funding, and legal.LLCs can be set up as disregarded entities for tax purposes, providing shelter from liability legally.

**Insurance and Liability**: What insurance considerations should I keep in mind, and what liability clauses are important to include?

Don't see the point of an llc for us we have liability plus umbrella. 

We've had threads before where people think (or want to) they can use real estate deductions to offset their main/1040 tax liability. 

On the flip side, keeping your house hack in your name as you build your house hack stack can open you up to liability after you move out.

That opens you up to a ton of liability. 

Then getting legal requires Liability Insurance, Bond, Workers Comp , Etc.If you do all this, you will probably lose money the first few years while you learn the ropes....but after that you can expect to make about 20% for Overhead And Profit .

He moved to Las Vegas and did pretty good as a real estate man and moved back to Granbury Texas (about an hour from Dallas) where his brother lived.I would not to make such a decision but you have to do what is legal or only accept verifiable employment because you just do not know the liability you are under.  

If too much trouble, then at least make sure the tenants have renters insurance with at least $500,000 of liability coverage, and landlord is named to receive notices if policy in danger of cancellation for non-payment.