Definitely get an umbrella insurance company, but that's it.

Also, we are open to suggestions as to what type of entity form. any and all ideas you all may have would be greatly appreciated.Thanks a bunch.Check with a good attorney but an umbrella policy may be a better option.

I do not have enough properties yet to have an umbrella policy.

We fully understand that we could (likely should) purchase umbrella insurance policies to help with liability, regardless of the entity.

And just pick up a personal umbrella liability policy?

If you do not already have the LLC setup I would not set it up, just get a good landlord insurance policy (i.e. make sure your insurance company knows you are renting the property) and add on an umbrella liability policy. 

Did your tenant have renter's insurance, umbrella insurance, anything like that?

@Ken BooneDo you have a specialized STR policy similar to what Proper offers or do you have a standard home owners policy that works as a rental policy for your STR along with a separate umbrella policy?

My other rentals are duplexes and SFRs, so they’re just under my personal name with an expanded umbrella policy.

It comes down to the following:1. keep the deed on your name and get a great insuranceOR2. take the risk of the trust + LLC combo knowing that because you are not compliant with you insurance and mortgage contract the LLC protection might be voided.Personally, I am going to keep it simple and boost my umbrella insurance policy