Just get insurance including umbrella policyJust be careful of Due on Sale Clause, it appears to be rare, but does happen from what I’ve heard.

Carry an umbrella policy on you personally.  

You can also purchase an umbrella insurance policy to effectively do the same.

I don't think it's because it brings greater legal responsibilities though, in my experience most people don't bother with LLCs until they have a high net worth or potentially have a big "target" on their backs.I know a lot of folks prefer to just carry a one or two million dollar umbrella policy and be covered that way.

I don't think it's because it brings greater legal responsibilities though, in my experience most people don't bother with LLCs until they have a high net worth or potentially have a big "target" on their backs.I know a lot of folks prefer to just carry a one or two million dollar umbrella policy and be covered that way.

I think she’s gonna buy a large cantilevered umbrella to help block out the sun.

What's the best way to pull equity excluding an umbrella (expensive) or individual HELOCs (PITA + callable).

As far as your other Q's:- Not a lawyer, but I'd work on being a good landlord (fixing all health and safety items), having a good liability policy, using leverage, and having good umbrella insurance before getting an LLC (they can be expensive)...

Sometimes it's just better to carry a sizable umbrella insurance policy.Is your LLC just for the property or does it serve other purposes? 

You don't need an LLC, umbrella insurance, a business name, business checks, business cards, and all that other crap.