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

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

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

Or, an umbrella policy would be sufficient at this stage and protecting all of us?

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.

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.

They prefer to buy a large umbrella ($2-3million policies), which I think may not he enough because once plaintiffs know you have other property, they’ll will go after everythingSfFT.

If you need asset protection look into an umbrella insurance first.

Here are a few things to think about.Pros of LLC:An umbrella policy will have a limit.

Make sure to add this one to your umbrella policy now (if you don't have one then get one).