Commercial and I recommend each one of you to get umbrella policy, they are inexpensive.

You should be able to a general liability or umbrella policy but a homeowners policy is specific to each home.    

Make sure you have a good lease, your property is in good repair and safe condition, follow your State landlording law, make sure you have good insurance (with liability) and consider an umbrella policy - very inexpensive! 

Looking for suggestions to minimize my risk incase someone sue the facility and in turn coming after the house owner/me.At this point, other than the typical home insurance, I have taken a umbrella insurance for $2M on this property. 

We keep ours in 1 LLC in a location and have an umbrella policy that covers them.

Umbrella policy if you want additional Liaibility coverage. 

My personal opinion is simply to buy personally, get good insurance along with an umbrella, be happy.

Liability:  Because you will have renters and their guests on the property also, I recommend getting the highest limit the homwowners will provide ($500,000 or $1,000,000 depending on the company) and looking into an umbrella policy for extra coverage.   

Consider Umbrella insurance.

Hey everyone,I'm about to do my first out of state investment and I was wondering if it would make sense to set up an LLC for my first property or not.It's more the tax benefits of the LLC rather than the liability protection (that can be achieved also by an umbrella policy, at least for the first property).My main question is if, besides the initial costs of setting up the LLC, would I get the same mortgage interest rate as a non-occupant owner that I would get getting the loan under the LLC?