Both properties roll up under that 1 LLC but have different bank accounts and umbrella insurance coverage. 

We are a field that encompasses a wide variety of other fields under our umbrella.

From what I understand, first, they pre-approve me for an "umbrella" loan, up to a certain amount (let's say, $400k).They will then set the money aside for the duration of the project, and "draw" money from that reserve to pay for purchasing the land + improving the land (leveling, prepping city utilities...) + purchasing the prefab.

We just take out personal auto insurance & we add a umbrella.

Additionally, get some umbrella insurance to add more liability coverage.

You need a good umbrella policy, instead.  

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Now, if about 10% sign up, in year one, that gives Josh $2,000,000.00 up front.But then, if Josh had 2 million over his current earnings, he'd be on some beach somewhere sipping rum with little umbrellas, the site would suffer and 1,000 people would be ticked off and ratings would drop.So, my vote is to make him suffer and stick around to earn his money like me.Holly, missed opportunity BP Man, I don't get paid here!

Bankers are happy to give you an umbrella when the sun is shining!

A bank manager will lend you his umbrella, but will want it back the minute it starts raining.....