California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.

That's a technical banking and legal term.

Virginia has wholesaling restrictions, but no investor ownership restrictions.

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!

This is not tax or legal advice, just what I personally do, consult your professionals! 

@Alvin Sylvain I agree the emotional support animals are B.S. but they are legal and we have to abide by the law.If the animal is an ESA, you are allowed to ask if the person is disabled and what service the animal provides.

Most of the PM work is done on the first 3 months of the management, then we can recoup our expenses. 2. this Is legally required.

Just doesn't seem right....not sure of the legality.

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement. 

This sounds like it might be a pipe dream based on everything I'm reading about restrictions directly in St.