I'm a part of the other mastermind groups as part of the House Flipping Formula umbrella, but I still attend as much of the HFF coaching calls as I can.

Get a rental dwelling policy for the rental unit(s) with a minimum of $500,000 in liability protection, a liability policy for the LLC with the same minimum and an umbrella policy over everything else of 1 million or more. 7.

Lastly, I have Liability limits of $500k on all properties plus they are covered with an additional $1 million umbrella policy. 

I have one rental property under my own name, and I do have a $1M umbrella liability policy on that rental unit, but my insurance company states in the policy that it is void if I rent for less than 6 months at a time.

Unless you have significant other assets, just get an umbrella insurance policy.Mixing businesses within one entity is a terrible idea.

You can use insurance and umbrella policy insurance to address liabilities. 

Daniel,First thing I would suggest is get an umbrella policy. 

You need to keep the property in good repair, have owner/landlord insurance, and good to have an umbrella liability policy.  

Had an Umbrella Policy with USLI, but then they stopped writing them. 

Correct me if I'm wrong but this is how I see structuring my company1 set up corporation here in Canada2 use Canadian corp. to set up US C corp3 use US C corp to set up holding LLC4 use holding LLC to umbrella various state LLC's to function as company's that would be used for wholesaling, buy and holds and flips.