What are good umbrella insurance companies? Also any local chicago brokers? 

Hi! Just like the title says , I put 20% down on my primary residence Feb'24. I used a lot of my extra cash for the down payment. Would it be a good idea to update it some , refi, and put that money into a cash flowin...

The above comments were for a personal residence and not a rental unit.  

I can't see how they can tell if days were blocked for personal use or a rental.

I have very little equity in my two rental units(6 doors) but I could use my personal home which is paid off as equity.

Good question, and nice job thinking about it before putting it in service.You’ve got two things happening in the same year: personal use and then “placed in service” as STR.

With my own personal investing, I have my rental property inside a business structure to provide anonymity and asset protection, along with insurance to protect my businesses from one another, my business from any personal liability, and any personal liability from going after me personally.

I want to set things up correctly from both a liability protection and tax-efficiency standpoint but I’m not sure what the smartest approach is.I want to make sure I’m protected personally, while not overcomplicating things or eating up profits with unnecessary entity costs.If anyone has been through a similar situation—owning properties in more than one state—and can share what structure worked well (or what to avoid), I’d really appreciate the insights.Thanks in advance!

Each persons situation is very very different.

I'm in the Seattle area and can meet in person or do a video call!