I have a current personal umbrella policy which will definitely help...

I am personally making 65k-70k/yr at my W2 job and can only afford 1-2 rentals per year due to DTI Ratio, not liquid funds.My rentals are currently not inside of any LLC, but I have a large umbrella policy.What am I missing?

When it’s raining be the duck, or hire an umbrella.

These contractors are not happy about this state of affairs but working under the HD or Lowes umbrella are the only way they can make any money, because they lack the skills necessary to build their own business or haven't been doing what they do long enough to build their own business.

Additionally, shop around an umbrella coverage.Speaking of insurance, have your lease mandate tenants also carry renters insurance and provide evidence of the renters insurance prior to move in.Probably obvious, but I use Avail for customizing applications, tenant screenings (background, credit, eviction check), creating a lease, and collecting payment.

3 Would an umbrella policy be sufficient without the land trust and provide me with the protection & liability coverage?

I think an excess policy is more limiting than an umbrella policy. 

They bring in $600/week when rented.You'll need a ducks back and an umbrella. 

@Rik Patel have you looked into an umbrella policy? 

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).