Also, when holding properties in your own name, its usually advisable to get an umbrella liability insurance policy to further increase your coverage to make sure you are good to go.

I thought i was getting 1 loan umbrella with 3 properties but instead what i found out what they were going to do was, pay off 2 of my rental properties loans using the equity of 1 rental property with the highest equity. the total amount of principal & interest i pay right now between these properties is $1779 per month (rounded up) and if i do this refinancing, my mortgage on 1 rental with alot of equity will be $1457 per month (rounded up) while the other 2 rentals are paid off.

(Get a good umbrella insurance policy if you must.)3.

Buy a landlord/fire insurance policy and a personal umbrella policy - oyur insurance broker can advise you on specifics.   

Lots of people/investors do this, but we never have a story where somebody was sued and it stood up in court.If you just purchase personally, you would landlord insurance and an umbrella policy (see below discussion thread), which you would use anyway with a property that you held Title with a LLC.https://www.biggerpockets.com/...Hope this helps.  

Just be sure to get good liability insurance and consider an umbrella policy.

If the tenant can show that they are unable to pay due to COVID (which is super vague) then they can be under another umbrella of protection and draw out staying in the unit even longer.

Rentals with umbrella was out of pocket.

I also carry umbrella insurance policy.

The properties are all insured with $1 million liability insurance with another $1 million in umbrella coverage (increasable to $5 million).