There are so many layers of locations and employees that doing simple tasks can be burdensome .

besides standard this is what I want: - Tenants actions (previous bad experiences)- FoundationMy current policy doesn't cover any of them, the foundation is the most vital part of a house and I am surprised they don't cover it.

It's likely that there's multiple layers of paint on the exterior and it's only seeing the top layer of paint. 

Arizona allows you to put on a second layer of shingles without pulling permits.

However, yes I understand you were simply providing an example, I just wanted to take his question another layer deeper to get an understanding of how you guys pull equity from a refi.

Setting up multiple LLCs can provide you with more protection, simply by adding additional layers that make it harder for someone to get to you, if they sue you.However, it is probably totally unnecessary and, in my opinion, borderline unethical, for an attorney to try and sell you that level of protection when all you are doing is buying a rental property.

although, engineered flooring has plywood glued together with grain running in different directions under the finish layer. 

Its the staple of any estate planning transferring property out of your own personal name and into your trust, then you just add the layers of the LLC and Asset Management Companies depending how many properties and how many layers / degrees of separation you want.

Every market has it's own nuances and building a solid team in your market is vital, but when it's done, it can really become a passive income machine over time.I'd be happy to schedule a call with you to help you start exploring your options and help you start building a team.

If you go with this plan, it might be worth considering using Anonymous Land Trusts in conjunction with your Traditional LLC to maintain an additional layer of protection.