Umbrella insurance is much cheaper.One last thing is if you operate thru S Corps and LLC's when you get insurance, make sure to get an endorsement covering you personally as well.

For me, I am trying to minimize risk by saving some of my cash for operating capital. 

They are not as aggressive on dollars but pricing, flexibility, service, operating covenants, and certainty of execution are better than both Agency and CMBS.

if you do not have enough money find the folks who do who are also open minded about your journey.The key is to find passionate A team members the ones who will believe in you.Perhaps I am not the best person to provide this advice because after all ... heck I am just a newbie and only 2 months and 14 days in commercial real estate journey....Yet somehow I already found one person just from a local meeting who I managed to bond with well.The idea here is to be likable and yes make contacts across both virtual levels and physical levels.In case if interested how I get folks to trust me.. even though I am just a newbie feel free to check out my journey, where I document my actions and simply share with folks my passion to gain financial freedom by investing into multi family building.If interested to see how on earth am I doing this feel free to ask me to share the link to my blog and I will gladly do so.And once again welcome to this forum and I am excited to have new passionate members in this amazing journey towards financial freedom.

I grew up in the construction industry (father owned a construction company, and brother is still operating this company today).

From my interpretation a single member LLC(if operated 100% like a business) should afford you the same asset protection rights as an S-corp.S-corp is also a "pass-through" entity...so his counter argument should be null there.If someone is going to go sue you - they don't look whether or not you filed a tax return.Again - i'm a CPA so I wouldn't take legal advice from me.You should get back to the EA if he knows personally anyone who was sued personally for an act that his/her LLC did

I really think you have to make an assessment is this a banker/bank I can grow with or if I do this it will have no real benefit long term.for me banking is critical to my operation..

I operate my own REIA group and I have people contact me all the time for that exact reason.Happy InvestingDerek Dombeck

Also good contractors virtually don’t exist in the fix and flip space so you need to be very diligent when selecting crews.

Is there a discrimination concern or a procedure or exception(s) to follow in order operate as such?