As you get more units consider an umbrella as well.

I have a section 8 tenant in my rental property that has not signed a lease but I guess is still under the original lease umbrella.

I need homeowners insurance, insurance to over my rental and umbrella policy (to cover me) for both of those if I’m correct?

My dad owned a small commercial property for nearly 50 years without an LLC, though he looked into it in the 1980's and his lawyer told him to forget it.As to mitigating risks, the main one is insurance, good landlord insurance with umbrella, preferably $2 million or greater.

Not to mention the admin cost/burden of setting up/running the LLC(s).Unless you have high net worth or ton of assets what you're seeking can probably be solved with umbrella policy which would be a LOT LOT LOT easier.

Hello All,I'm interested in creating an LLC to begin purchasing property under this umbrella but my understanding is it may be difficult to obtain financing under the LLC entity because of the lack of credit history. 

how do i register a corporation when i know i will want other businesses under the umbrella?

Ask your insurance agent about an umbrella insurance policy.

Would my umbrella liability policy protect me for my portion if ti happened to me?

That would prevent an exchange into REITs.However, it's possible to exchange into Umbrella Partnership Real Estate Investment Trusts upREITs.