@Clinton Jensen  I don't think anyone answered one of your questions about insurance, they're talking about an umbrella policy which provides additional coverage if someone sues you, above and beyond your normal home insurance policy. 

I’ve got mine covered by a large umbrella policy.

I know the LLCs will provide a layer of protection in addition to my umbrella insurance policy, which is great.

If youre worried or want protection, get an umbrella with your insurance.

Buy it, get STR insurance also, get an umbrella policy that covers you for any trumped up/legitimate liabilities, the end.

And IMHO, currently in Austin you can't cash flow on a long-term SFH rental without putting 30-40% down payment (or finding properties well under FMV, that even after rehab will still be 20% under ARV, plus what you have to leave as DP for the mortgage, again an effective 30-40% DP - and if you are not able to find them and BRRRR, and have to pay that 30-40%, your cash on cash ROI will be under 2% similar with just leaving the money risk free in a saving account).Here is what I account as expenses for a correct calculation of cash flow:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance (0.3-0.45%)   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances   e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

As far as you are concerned on risk, you should have a general liability policy with an attached umbrella for added protection from the risk involved in owning a MH park.

You could also use a holding company to umbrella the individual entities as well. 

@Oscar Beteta I use Allstate for my home, auto, landlord, and umbrella insurance.

Need min 300k liability on personal and 1m on LLC owned (to cover umbrella requirements) Send me your go to guys or companies.