In other words, a person who engages in the business practice of wholesaling needs a properly sponsored real estate license and a licensee can no longer engage in the practice wholesaling outside of the umbrella of their sponsoring broker.2.

Investors tend to ignore attorneys altogether and go with an umbrella insurance since it's cheaper.

Lastly, either way you should have insurance and maybe an umbrella policy.That's the short of the LLC... 

That's why I get extra coverage on my liability umbrella policy for my rentals.Finally, in answer to your question, don't believe small contractors have their own WC policies.

Get jnsurance on the property and an umbrella policy.

If this is your first rental, my advice would be to buy personally so that you can get lower rates and then once you've acquired a few, think about putting them under an LLC or looking into an umbrella policy.

A lot of investors will put more faith and trust into an umbrella insurance policy.

Another is an umbrella policy that gives you a lot of coverage as well.  

He decreased my personal insurance premiums (two vehicles, primary residence, liability umbrella) by over $1,200 annually and has done the same for multiple friends.

Do you know much about how the umbrella policy works?