I think liability insurance plus an umbrella policy is sufficient.

However, we can build one out of combining the following: Getting a good attorney that practices this area of law, own property in land trusts, obtain property and casualty (liability) insurance, pay for umbrella liability insurance, personal property trusts, proper maintenance, documenting all property maintenance requests and completions, screen all future residents over the age of 18, screen all contractors, collect W-4s from all hires and file 1099s, change the locks between residents and the list goes on.

If I could have qualified for a conventional loan I may not have even filed an LLC (and just had an umbrella insurance policy), but the commercial loan product really forced my hand. 

Is it better to move it under LLC for better asset protection or just purchase umbrella policy

Cash inside of syndications have opportunities to 1031 within the family sponsor umbrella as they move from one project to the next. 

Max out the Liability and consider an umbrella.

Also don't forget to set up a liability umbrella for yourself and when you start an doing business as an entity, set up an umbrella for the entity as well.

The fact you’re actually looking for insurance means you’re probably in the top 10% (net worth-wise) of all arbitragers.try an umbrella policy or a business policy?

Liability coverage is relatively inexpensive, so max out this coverage on your auto / home / toys and then follow it up with a properly sized umbrella policy.

Christine Sklenar - With Sklenar Insurance has our umbrella policy and a few individual properties.