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.

You should also have an umbrella insurance policy on your LLC.The JV does not offer anyone asset-protection, however, since you can record a memorandum or notice, you can notify any would be claimants that you have a vested interest in the assets.

My partners are I are forming an LLC to put all the properties together under one umbrella.

So my thought was:An umbrella LLC, possibly in NV,WY, or DELLC's in each state/ for each property that I invest in. 

My question is - does utilizing contractors with no license and/or insurance vitiate an umbrella policy?

Anyway, my agent told me that my umbrella premium is going up about $50 because of exotic animals.

I have a commercial liability umbrella policy with "a big company", and it covers 10.

With companies like Clayton Homes, Acme Brick, and Johns Manville listed under the Berkshire Hathaway umbrella, it is no wonder that Buffett is anxious to see the housing market snap back.

Whatever the case get an Umbrella policy and ensure each property has enough liability protection.

Before the current mortgage system was in place, all mortgage loans were based on the hard asset, and not on soft criteria, such as credit and dti.So in my opinion, most hard money falls under the umbrella term private money, if private money means non-institutional money.Fast forward to now, and the terms have become intermingled, and sometimes have negative connotations.