You're better off spending your money on an umbrella insurance policy and spending lots of time learning about your rights and liabilities as a landlord. 

From a liability standpoint it's a pretty clear case of an alter ego entity structure which any good attorney will be able to fight through and will add a redundant layer of insurance you have to pay for.

Until you can generate income you need to become classified as active so at least your losses can reduce your tax liability on your earned income. 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Relieves the landlord from liability for property damage or personal injuries caused by the landlord's negligent acts or omissions.To put it simply, if the landlord causes damage or injury to a tenant then the landlord will be responsible for it.

Since you are taking on additional liability having tenants in place, you're probably going to want to update your insurance policy and put some sort of asset protection in place - most people use an LLC for a small portfolio.

They would furnish it, enforce strict rules, and cover issues under $600.I'm curious about increased foot traffic and liabilities—if something major happens to a guest, would I be responsible?

I would also look up the statue of limitations for the tenants to come after you.This might be a personal liability insurance question.

Each series can own different properties, protecting each one from liabilities related to others.

ROW owner won’t buy it because he doesn’t want the tax liability.