When I talked to my accountant, she discussed putting my portfolio under an LLC umbrella so I can take full advantage of the tax breaks and depreciation.

I went with 500k liability on the property, and added a separate umbrella policy with my existing car/home insurance for 1M, totaling 1.5M.

Have the correct insurance to cover STR activity in your home (Proper and CBIZ are the two major players in that area) AND have an umbrella policy in place.  

All cash flow but don’t know how I can get these under my umbrella.

The Series LLC structure allows the creation of separate entities, or individual series, under the umbrella of the Series LLC.

The way we've structured the ownership, we personally own the property (we have a personal umbrella policy), and lease the entire property to our business for $1500, which then subleases it. 

As your assets increase you may want to get a personal umbrella policy (PUP) to cover any additional liability.

One mistake can be forgiven the second never will be.Your vehicles and other assets can be held in personal property trusts etc.Just remember to buy plenty of liability insurance and both personal and commercial umbrella policies.If it ever gets to court your tax returns will be subpoenaed and subject to asset disclosure.So if the business entity operates the business and does not OWN anything because land trusts own every piece of real estate it creates another barrier to asset seizure.

So even though I have business and property insurance, I still keep a 5 mil personal umbrella.....

Since this property is currently in our personal names (not our LLC) we've been paying for a $1 million dollar umbrella policy for about 5 years now to help in any situation that may occur with the house and ourselves personally, so perhaps I shouldn't be so worried about the equity build up in that property... it's probably unfounded.