You get tons of benefits from them: local knowledge, They own lots of rentals themselves, and they actually saved me about $1500 a year between my investment properties, auto, primary and umbrella insurance.

You should also make sure you have an umbrella insurance policy. 

-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.

Not sure if that price would go down if I had multiple.I actually think it's as important if not more important to have an umbrella insurance policy.When you form the LLC or when you transfer ownership of the property isn't that big of a deal. 

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

We do not hold the building in an LLC, instead depending on proper insurance coverage (commercial + umbrella).

get 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.