However, others argue for simply getting more umbrella insurance.I'm still trying to figure this part out an looking for a local attorney to talk with about my specific plans which is probably what everyone should do.

You may be better off with a large umbrella insurance policy. 4.)

If you have several places, get an umbrella policy.

Figure a $1M umbrella policy should cover my family assets which are pretty limited and leveraged anyway.

The title has all 3 of us.Me and my SO have an umbrella policy worth 1M (which as an aside we are thinking of increasing).

Most of our syndicates have liability insurance for $1 million and an umbrella for at least $10 million and sometimes as high as $25 million.

So you can treat it as one accounting entity using classes to keep track of individual business concerns separately.I am using this approach to track my umbrella company Flywheel Equity LLC and a property LLC for which I am the sole member.

Dwelling, Umbrella, etc?

And a large umbrella policy.

I own 2 Investment Properties in Charlotte, both are Condos.If you will be living in Charlotte i agree you don't need a Property Manager for 1 Unit.I believe for beginners Condos are a good way to start and once you build your network start looking into SFH and multis..Keep in mind HOA fees can go up and you have no control over that, and sometimes they add assessments for emergency repairs.Also look into liability/ Umbrella insurance, my new CPA gave me that recommendation and to my surprise it's not very expensive..You have plan in place on how to find and screen tenants?