I asked my Allstate agent to have a landlord insurance and the policy holder to be the LLC but he said the policy holder has to be a person we can't put an entity as a policy holder.

Also, as the amount of the raise increases, the level of exposure to the firm's E&O policy necessarily increases which may warrant a premium on legal fees. 

My title company has also issues policies on these acquisitions.  

Hey the old insurance agent in me would advise you to have him get a renters policy with say about 1 million in liability protection, have him list you or your company as an additional insured on the policy.

This is a standard business practice used to train tenants to understand that late payment is not tolerated.

I have zero vacancy.  

But then a title policy is based on either the loan amount or the sale amount.   

There are good deals right on the MLS, and the market is getting REALLY tight thanks to tons of new competition over the last ~3 years driving costs up.that said, if you can find a deal then selling it should be ZERO problem.

It depends on your ultimate goals and risk tolerance.

Asset protection,Reside in CA, and read about RE investors having the option to start a LLC in NV that's within a trust and also purchase an umbrella personal liability insurance policy (upwards of a $1m - 2m+), to give aspiring RE Investor the proper business structure, security and protection in case of the inevitable lawsuit and/or other costs of doing business.