Hey Jeremy, I have a Colorado based insurance broker that I use for my investment properties, primary home and umbrella insurance.

As mentioned: skip the LLC and just buy a decent umbrella policy.

Notes is a strategy you want to not own personally as there is a greater chance of lawsuit - especially on a defaulted loan where some type of umbrella insurance would not help you.

I also recommend Lake Elmo Bank for financing and TCM CDC for the SBA loan.

Umbrella policies, rental dwelling policies?

Some things I was thinking were, notifying lender of home becoming investment property, Titling home to LLC, Finding umbrella insurance formy rental home/landlord insurance, etc.Is there something specific I need to make sure?

Some investors don't even use entities but utilize umbrella liability policies.

This particular lawyer advised to just do a MA property LLC and get an umbrella policy that will cover the liability.Did also speak to 2 small community banks about the structures, one didnt understand the holding and property llc structure and wasnt familiar with it, the other said it was ok but wasnt sure and will need to confirm that WY holding wont be a problem, because they only lend to just few states.I want to hear how people are set up, and those who are setup with WY holding/property llc structure, did you have hard time getting financing for buy and hold properties?

Currently my personal property is not insured at all.In addition to the commercial landlord policy, I decided to pursue a 1 million personal umbrella policy through my agent.

Then do they feel comfortable with assignments as you are under their umbrella you need to operate within their rules.