This will cause me to need a commercial insurance policy. 

The prior year I was on track to acquire 10 SFH's, when I made the decision to change direction in order to scale more quickly. 

I have a tenant living in a single family property built prior to 1978 in Virginia.

When doing a 1031 exchange a qualified intermediary is required to be involved prior to the closing of the sale. 

Is it better to place them under LLC’s or hold them under your name and then carry an umbrella policy to have more liability coverage?

If your city changes it's short-term rental policy, then it's up to you to find a loophole.

Also, in the future have all your tenants sign a mold addendum which definitely protects you prior to such issues.I would force them out by giving them a proper notice from your LEASE terms, for example I can get my property back with a 60 day notice period- which is the proper notice time by law here in Georgia.  

Lindsay, the landlord is asking for General Liability insurance and wants you to get coverage for your Business Personal Property that you will keep in the office, so the landlord is not held responsible for your belongings.Call the agent you have your Malpractice insurance with and tell them you are leasing a space and need to set up an office policy. 

If you're worried about the liability issue, there is no need for an LLC, just get an umbrella insurance policy that will cover you (basically same thing as LLC).

I’ve found a great 8 unit property I want to make an offer on, and need as much insight and advice as possible prior to stepping outside my comfort zone.