Hello BP Community, I recently start investing in RE, I will own 9 SFH thru turnkey company's at the end of this year, I'm not sure if I'm ready to set up a LLC company for asset protection or just go with an umbrella liability insurance policy, I live in California and all the REI are in other states, any advice will be greatly appreciated.

Liability protection or is it something else?

In your shoes, I would find a property and get the financing lined up and then worry about asset protection or whatever.

Or you could use interlocking LLCs which add complexity but also more liability protection.  Or

Or because it was a restaurant they probably had a food service license so contact your local department of consumer protection or similar body to see who held the license. 

I gathered all my notes in a 50+ pages document touching on formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials + some diagrams to help you in decisional flow.Doc: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-fileAsset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection

I think there are situations where it might make sense (this is not advice its just hypothetical):1) The investor in question either has good asset protection or little in the way of assets/income to go after.

I have never done this before and am looking for some tips on liability protection or any other useful tips you may have for me regarding this.

Then you may want to consider additional personal liability protection or a separate umbrella policy for a $1M-2M is sort of standard depending on your net worth etc.3.

But NO “Assessment limit” protection….You can see here a list of ALL states and whether they have this cap protection or not…https://www.kiplinger.com/taxes/property-tax-cap-by-state#:~....