He said to have 500k of LL insurance on each property, and most important an UMBRELLA policy large enough to cover ALL assets.Chaz....

A Corporate umbrella is probably a good idea for that type of endeavor.

While you are at it, if you don't already have a five million umbrella, you should...

You can get umbrella insurance to cover the higher liability ends for pretty cheap.

But, any thing that falls under the UBTI umbrella is subject to tax.

And both my company and many others offer consulting services on using these products, often with some pretty hefty price tags.But I've never seen anything in any of these offerings that shows the trainer on a beach with umbrella drinks and attractive women.The problem I have with much of real estate training is that its filled with this "quick and easy" hype Kevin is asking about.

I'm thinking $300K with $1M umbrella to include two other properties I own.What are the thoughts of experienced landlords?

You should also consider an umbrella policy if you do not have one.Ed---State Farm did the same to me.

If it weren't for the other positives with the LLC I would be tempted to take the $300 per year just for the LLC state fee and buy some fantastic umbrella insurance.

The most important thing is to have good liability coverage, I have at least $500k on each of my properties and I also have an umbrella policy.