I buy in my personal name to be able to cash out refi in 6mo from purchase at 70%LTV 30yr 4.5%Then if you want to put in an LLC or keep in your personal name and get an umbrella policy.

I have multiple properties in each LLC and also carry insurance on each property and an umbrella coverage for the LLC. 

.#3 Acquire plenty of insurance coverage and an additional umbrella liability coverage.Many thanks in advance for your thoughts and responses!

He recommends at least $1.5M personal liability umbrella.

I now have 5 house policies, 1 umbrella, 2 cars, and 1 boat all with one independent insurance company.

I wish Wendy the best in getting justice here, but there is another lesson as well for everyone that believes it is easy to pierce the corporate veil of an LLC or that umbrella insurance is all you need.

As a new guy starting out, if you don't have a million or more to protect, just make sure you have an umbrella policy and are dealing with a good insurance company.  

Hosts will than buy a separate umbrella policy, or add it to their current umbrella policy, or commercial insurance policy. 

Couple options, but they basically involve refinancing the debt into a commercial product ie blanket loan, where you put multiple properties under an umbrella of one loan product.

Most of them only owned 1 building and hadn't increased rental rates in 20+ years.For 4 years now we've been targeting this area & though our own purchases & sales to investors under our umbrella we have created a monopoly over there.