@Jay Cai the recommendation is generally to buy your first couple SFH (or up to 4-unit homes) in your own name and make sure you have landlord insurance + umbrella policy to cover any liability.

Often having umbrella liability coverage over $1m with an insurance company or putting a 2nd lien on a rental property so there is no equity to go after can help you mitigate risk.

While I just have this one property would it be best to just have umbrella insurance?

A plus if they routinely deal with this AIR form and small mom and pop leases.Insurance – I'm shopping for an insurance provider who can sell me insurance on building, liability, as well as an umbrella policy.

All infomercials are filmed at an oceanfront mansion with the guru and several supermodels sitting on a yacht, sipping tall drinks (with umbrella) seemingly enjoying the good life as the money falls from the sky!

Maybe look into an umbrella policy with your insurance company to provide additional protection as an alternative, when you begin to grow.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Heck, you'd be in your speedo drinking umbrella drinks with the ladies for the rest of your life already. 

So, if you have other capital with which to start and operate the new fund, that may be the better plan - and you can leave your Solo 401k focused on things that grow within the tax-sheltered umbrella of that plan.

Or does anyone have insight if an umbrella policy is sufficient?