Lenders who don't deal with investors often will kill the deal off without thinking twice.I have always just used an umbrella insurance policy for my properties.

The agreements make sense, but if I purchase solo under my name I can just get umbrella coverage for the property and be secure?

@Jeff Goedeker Disclaimer: I'm a former tax accountant, so this is just a suggestion and not a tax advise.In order to 1031 from sfh into mfh (syndication or not), sfh has to be part of the same portfolio under the same LLC umbrella.

I carry a vacant home policy on each of my flips AND a 2 million dollar umbrella policy over everything I own.

Check and see if Umbrella Insurance is a good choice for your scenario as well.

Good for you on the umbrella policy.

Our own rentals are under the same umbrella, so all business expenses, liability insurance, etc, is all for the same LLC company. 

Most folks love the LLC to hold properties, but it doesn't really offer that much protection...you'd be better off with an umbrella policy or a rider.

What are the pros of putting a property in a llc vs just getting a 1-2 million dollar umbrella policy to protect yourself?

Can't say for California but in TN I do the maximum liability limits and follow that with a personal umbrella policy (PUP) that covers me plus all my homes.