while down the road (once you own a number of properties and have considerable equity) it maybe worthwhile to look at an LLC, a lot of people when just starting out simply purchase a good umbrella policy for additional coverage and protection.  

Question: Can I buy my own property under the umbrella of an Investment Group that I want to start?

The dreaded LLC vs Umbrella policy question.. again..

Do you plan on using an umbrella?

For each of our portfolio rentals, we have a hazard policy for each (DP-3) and we have ONE umbrella liability policy for the LLC.  

Since I only have the one property at this time, I opted for Umbrella instead of an LLC. 

Either way you should have an umbrella insurance policy to help you in case of a lawsuit.

Unfortunately you won't know that at the time of purchase, but if your rates increase next year, you will know what type of company you are dealing with--i suspect the kind of company that won't be there when you need them Fwiw, we use state farm for our home, umbrella, and all rentals.

Do you recommend purchasing & operating under an LLC or purchasing under my personal name with added umbrella insurance?

Can I have an umbrella policy that covers property under my name and the LLC name?