Just keep it in your name, save the money and get an umbrella policy.

Hi Ryan, I would recommend a simple Premises-only Umbrella Policy of $1 million.

In the mean time, to protect yourself, get a good umbrella liability policy that covers real estate in lieu of the LLC.Hope that helpsStephanie 

One suggestion is to maximize the liability under the policies and get an umbrella policy above them.  

We weren't sure if we should go with a conventional mortgage and get an umbrella insurance OR go to commercial loans with higher interest rate so that it can be purchased through an LLC?

We weren't sure if we should go with a conventional mortgage and get an umbrella insurance OR go to commercial loans with higher interest rate so that it can be purchased through an LLC?

I keep hearing if you buy property under your name put them under umbrella policy, what is an umbrella policy? 

Some on here are worth more and just have umbrella insurance.

I do recommend you get an umbrella policy if you put the property in your name for liability protection.

If you do something stupid (don't repair a sidewalk) and get someone hurt, make sure you have $300,000 liability insurance on each house and a $1 million umbrella policy over all of your property.I do not use an LLC on single-family but you could in some rare cases.Make sure that you take a course on property management even if you are letting someone else manage them.