If you are fully licensed, put some $ in insurances at leadt $1M coverage in all aspects of insurance, GL, WC, Auto L, Excess/Umbrella.

I spoke with my attorney about loading up on more insurance, including an umbrella policy.  

Different Universes entirely and are not underwritten the same.He has recently I believe gone after and purchased a Mobile Home park.Again even Mobile Home parks and large Multifamily are underwritten differently than say office or retail etc.Residential investors tend to lump analysis under one umbrella.

Some say the costs associated with an LLC are not worth the benefits it provides because an umbrella policy for some $25-$30 a month can do the same.

Get insurance, plenty of it, with umbrella insurance on top.For a small investor just starting, just him and the property, it's easy to pierce the corporate veil, which is one approach lawyers get after you.

You may want to consider an umbrella policy to give additional Liability coverage if the limtis on your homeowners are exhaused. 

I'm used to dealing with straight turnkey providers (so all parts of the equation are under the same umbrella).

-P&I $715 $80 month PMI-$1mil umbrella liability insurance at $140 a year on top of homeowners policyThoughts on my first purchase BP?

Look into umbrella insurance as a way to CYA on your rental.

I forgot to add, make sure you get an umbrella policy.