If you get to many "dings" on the Renters Legal Liability policy, rates will go up and you could decide to end it and go back to individual Renters policies and their headaches at that point.4) Incorrect - This $100,000 limit (which is more than most Renters policies provide by the way) is dedicated to fixing your asset first (just like you would want), but if the $100,000 limit isn't used up fixing your asset then your renters have up to $15,000 to cover their personal property.In summary, the product costs about the same, provides coverage to the asset owner FIRST, requires no tracking/monitoring by you or your staff, doesn't open the owner up to exposure between when you find their policy has lapsed and you get it corrected, and will decrease your P&C costs. 

So if your house is 1,500 square feet and the 2 air bnb bedrooms and their dedicated bath are 500 then 1/3. 

Is there a book in particular dedicated to LLC’s regarding rentals?

First of all, please forgive me if there is already a dedicated thread or another place for this discussion.

Check out paperstac.com which is an excellent marketplace service dedicated to putting buyers and sellers of notes together.

Frankly there's a reason why there's a dedicated profession for this rather than people just signing up and going out to sell it. 

Also, how dedicated are you with this.

We only use dedicated professional rental sites (33+ websites) - that we pay for as part of our services.

I'm understand that, @Michael Plaks, but both require that you show a certain amount of time is dedicated during the year.

There are pros & cons of all strategies.We work with hundreds of investors that want the financial benefits of owning real estate, but don't want to spend the time dedicated to doing all the heavy lifting on their own to allow them to spend more time with their family & professional career.