Up to 5 or 6 houses you can get a very affordable "umbrella policy" which will cover everything in your life up to several million.

I think umbrella policies can cover you fine for the most part, but I also am a big fan of just kind of keeping my mouth shut about how much I own.

I think we are kind of saying the same thing which is that there is a huge variance in values under the umbrella of those city titles and that you should be careful which comps your using when approaching a flip opportunity in that area.As Trevor stated, the subject property is North of the Freeway... and therefore probably should stick to the reseda comparables to not get an unrealistic ARV...Now off to get that SFV 818 forehead tattoo so I can reclaim my valley boy status 

We had normal homeowners and an umbrella policy for 2 million and are re-evaluating what the appropriate coverage amounts are. 

Actually started that process last year only to be able to up liability without an umbrella but sounds like the thing to do for all. 

There is a child series trust for each property, but only the Mother/Umbrella trust is the one which has an EINIn your opinion, neither the properties I owned in my name prior to marriage, or during marriage (my name only due to ease of signing) are an issue when I do a 1031?

I was also told that my umbrella policy would not cover anything that the homeowner's insurance excluded. 

Only option would be umbrella insurance. 2) banks never find out you put it in an LLC and just ask you to put it back in your name if they find out (just a slap on the wrist)Anyone have personal experience with this?

Sometimes you are better off just getting Umbrella Insurance.

Hello Fellow Investors:We are considering MLF Investing.MLF Unit: 7 Units, Price: $550,000.00What is the Thumb rule when performing the Analysis for: Closing Costs, Appraisal, CPA + Lawyer Fees, Inspection, Insurance, and Umbrella Policy (1 Million).ThanksKishore