The more coverage available, the less likely that they will go after the asset or try to break the corporate veil to sue you personally.The Fair Rental value (aka Loss of Rents) pays for the lost rental income after a covered loss.

I'd ultimately like to transition into corporate housing for this property since its a 20-minute drive from my house.

At what point should I form an LLC or Corporation ?

After that, it was easy.Don't get sucked into corporate America because that's what other people on here did. 

We have sourced hundreds of homes for corporate clients and if given the option, they buy in Henry County over Clayton. 

So recently, I was going to use a CPA for a corporate tax return.

So recently, I was going to use a CPA for a corporate tax return.

The only exception is if the property is a condominium and the condominium corporation’s declaration prohibits pets.Interestingly, a landlord can refuse to rent to a person who has a pet (no discrimination clause), but a landlord cannot evict a tenant simply because they were unaware of a pet, or because the pet was adopted after the tenant moved in.

Less tears.Any of Darrell Sutton's books are helpful in understanding LLCs and corporations.

You are best setting up a corporate structure of some sort...