The holding company doesn't need a GC license, but since it is all under one umbrella so to speak, it really shouldn't matter.

The wholesaler will pay the $400 to whatever up-front one time, administration or doc fee, and with most, the wholesaler will be responsible for the Earnest Money/Good Faith deposit in the amount negotiated or standard for the are.Many, of the funder's, if not all, are requiring the wholesaler to conduct that particular transaction under the umbrella of an LLC.

I do that and have 2 million under an umbrella policy.

or do an Umbrella Policy for CYA.May want to weight out the extra coverage that an Umbrella Policy could offer in other areas vs. just do the LLC thing.LLCs and Umbrella can be double the protection

What does matter is that the returns are good on whichever one you buy and you are happy with your investment.Single-family:Pros- Best exit strategy, typically higher-quality tenants, typically longer-staying tenants, better returns in some marketsCons- Vacancy expense (no second unit to cover expenses during vacancy time), individual managementMulti-family:Pros- costs per unit is cheaper, all managed under one umbrella, better returns in some markets, if you local can get cheaper financing if you live in one of the unitsCons- typically lower quality tenants, typically more transient tenants, harder exit strategy

To be safe, you might want to consider having umbrella policy on top of your property/car insurances if you have a lot of asset, regardless whose name they are on.

I do plan to purchase an umbrella policy to help protect me.

Make sure you have an umbrella policy!

But I need to learn about Property insurance for my rentals, liability for the rentals, and liability coverage/umbrella for the businessI have a couple rentals, and I actually did something really dumb.

The minimum policy I get is $300K but I have an umbrella policy over all of the rentals that is a lot more.Hope that helps.