What is your experience in doing so for the following areas:- Landlord insurance policy (I learned and confirmed with agents that my name would remain, and we just go ahead and add the LLC into it also) (This will also be under an umbrella policy)- Loan (I learned that as long as the LLC is owned by the original primary loan holder, they will not need to call on the loan)- What are the TAX advantages/disadvantage of doing this (my status is not full-time investor, still hold full time W2 job, and a SMLLC)Thank you very much BPeers!

What is your experience in doing so for the following areas:- Landlord insurance policy (I learned and confirmed with agents that my name would remain, and we just go ahead and add the LLC into it also) (This will also be under an umbrella policy)- Loan (I learned that as long as the LLC is owned by the original primary loan holder, they will not need to call on the loan)- What are the TAX advantages/disadvantage of doing this (my status is not full-time investor, still hold full time W2 job, and a SMLLC)Thank you very much BPeers!

@Jill Keller If you are just starting out and don't have millions in net worth don't stress yourself out and do anything but insure you have proper insurance and get an umbrella policy.

I would look into and get an umbrella policy. 

You can also take out a personal umbrella policy up to $1,000,000 which is usually enough protection for the first few properties, most investors do not start to use LLC's until you reach that point. 

Get high coverages on your landlord policies, a $mil or two umbrella policy.

Citizen Deaths Overseas (state.gov)when i was reading up on CR  one of the bloggers made a point.. if your sitting at the bar with your umbrella drink and you have a massive coronary and expire on the spot.. since ( at least when this article was written) there is no mortuary refrigeration. 

Instead of creating an LLC, purchasing an Umbrella insurance for all the properties.2.

Would you recommend an umbrella policy too?

They hvae an umbrella policy division that you can put over all your rentals, I did, I added another $1m.nreig supports LLC/trust 401k, ira held rentals.