We have an insurance policy on the rental house (through State Farm), that includes a personal liability section, which is essentially equal to our current net worth.Given that a tenant could sue for more than this if an accident occurred, we are thinking about adding either LLC or an umbrella policy (or both) as extra protection.Any advice on which way to go, and if LLC, any recommendations for a law firm or company the Indianapolis area?

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

You will essentially be buying deals from yourself and you can still assign a contract from one company you own to another. 

Essentially though you need to go off-market.

It will include a compact bathroom, a tiny kitchen area, and a heater—just the essentials to make it comfortable for someone to stay in.

but that's the essential to a BRRRR. 

Neighborhoods Set the ToneSan Diego’s neighborhoods each have their own vibe, and we’ve learned that tailoring renovations to match is essential.

I host a group for midterm rental operators and I had 2 people in last week's meeting essentially say the same thing.

California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.

Essentially lower my taxable income by $117k?!