@Ana VhanThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

I now have a firm policy of no reviews, no approval.If you wanna do long term, make sure you have a proper long term lease with all the bullet proof clauses.

Just look at your insurance policy, if you have insured the duplex for replacement value (and not for cost) it will show something like 400-500k. 

Homeowner insurance and lender private mortgage insurance are two different policies.

The government grossly overstimulated the economy, increased the money supply by 40%, and caused record inflation (in housing, food, energy, everything).

The Government actually LOVES INFLATION.

I wonder if anyone can give me your feedback on umbrella insurance State Farm called me and told me that I should open a umbrella policy for my rental properties 

Not lazing around in a deck chair all day and having checks just flow into your mailbox like they might with Dividends from owning a stock certificate.3) I would love any feedback on what you think are the main forces holding people back from becoming financially free.21% Of the population Is on government assistance- many in here like that and wish there were more because they benefit from the section 8 rental assistance program that these people use to be able to keep a roof over their heads.

Have a strict cancellation policy in place for long terms. 

I found out on July 15 that my landlord policy in California on my single family rental home is being non-renewed and the last day of coverage is Aug 1.