Series are great because you an have one Umbrella and then have subsets of companies and put ur properties in them 

For a smaller investor like me, I understand an umbrella insurance policy is good to have instead of the LLC.

Are you buying under an LLC, buying under your name and transferring to an LLC, having an umbrella policy?

You only live once and you cant take it with you, so unless your dad has some dream of starting (or continuing) some dynasty you all should cash in and start enjoying the beach and those drinks with the little umbrellas, while you are still alive.

What type of insurance are you putting on your (in my case) Two Family -do I need an umbrella policy ?

I would make sure you have a hefty umbrella liability insurance policy and that should suffice.

Liability and umbrella insurance policy should be sufficient.

Have you considered getting an umbrella insurance policy instead of an LLC for your first few properties?

There was a guy that did a post the other day who was 21 and already saved $100k.A lot of the times (this is not legal or insurance advice), but your assets can be adequately protected via proper insurance on the property which would included a liability policy, and then with an additional umbrella policy.Keep in mind, transferring a property from your personal name to an LLC could trigger the loan's due on sales close.

If you are still concerned, get an umbrella liability policy and/or move the property into an LLC.