For buy & hold, I'd stick to either LLCs or holding properties in your name (sole proprietorship) with a sturdy umbrella insurance policy.

That is about $50 over our area's mid/upper end.I also have a 5m umbrella.

If not, see if you can get an umbrella policy that puts you over the $1M threshold. 

Do you have to have different umbrella insurance policies for different categories?

Look into umbrella insurance as well for more assest protection.

I've had experience hosting with Airbnb, I think anyone that wants to expand into multiple Airbnbs (more than 5 spread out across more than once neighborhood) should just invest into multifamily housing, there is a tipping point when it's just not worth running all those liabilities instead of just putting it all under one umbrella like a hotel or multifamily vacation rental. it would be like trying to assemble a bunch of Uber cars under one hat, at some point just start a rental agency or livery service. you can only piggy back on the Airbnb messaging/marketing interface for so long before the liability you're taking on makes it financially unfeasiblebut I haven't really done out the numbers so I could be wrong

If you want to be covered under an umbrella policy you have to max out liability.

Chris also walked us through Umbrella policy options that we will add.

I will also carry an umbrella insurance policy.

But this can leave you unprotected outside of an LLC unless you have an umbrella policy or a homeowners with a high liability.I'd be curious to see what everyone's best practices are.Thanks.