Don't forget a nice chunky "just in case" umbrella policy.

He carries my auto, home, umbrella, etc.

For a small operator it is generally considered unnecessary.....you can protect yourself just as well with plenty of insurance and an umbrella policy.

Another option is to have an umbrella insurance policy which provides protection as well

In my opinion you shouldn't have problem buying rentals under your name and buy umbrella insurance to cover yourself, same as managing it yourself if you want.

The IRA is the sole owner of the LLC, so the activities of the LLC are under the umbrella of the IRA and therefore afforded the same tax-sheltered status and subject to the same rules against self-dealing.  

I would think that an umbrella mortgage would be a decent option.

It's time for me to have umbrella brand for my "company", similar to big developers.

I appreciate your feedback as it pertains to your respective real estate markets.I understand that maintaining a pool will hurt my bottom line--including having to maintain it, clean it, umbrella insurance policy etc.  

I also have a personal umbrella policy that will not provide coverage on a separate commercial policy.