If you can’t put it into an LLC, keep it in your personal name and carry good primary insurance with an umbrella.

get an umbrella policy.

If you have other properties, it may be more cost effective to simply buy a $1M umbrella policy and then get $300k (or whatever the requirement is for your umbrella policy) liability homeowner policies on each property. 

@Ana Gosh if you are talking umbrella liability it will probably be one company. 

@Mark WeinsteinI think they are all different and all have somewhat different end results but I also feel like they can be skills/strategies under the bigger umbrella of being a Real Estate Investor.

I want another separate insurance policy (like an umbrella) for more coverage in case something happens.

Get an umbrella insurance policy, just in case. 

Consider an umbrella policy if you do not have one. 

(This makes it undesirable to sue you since you have little equity) Once its paid off you might want to do it then.You could add an umbrella insurance policy if you want an other layer of protection.

Hello, I've been talking with individuals loaning under the umbrella of Financial Global, LLC out of San Jose, CA.