He requested that federal housing agencies extend eviction protections for those tenants living in properties with federally-backed mortgages. 

A common theme is for landlords to require their tenants to purchase a Renters Insurance policy.  Some take the next step and have them prove it (good idea).  Here's the problem, an independent study was completed tha...

Unless you have significant other assets to protect, a robust umbrella insurance policy may be easier and cheaper.

I would have an attorney draft it/review it to have adequate legal protection.

Consider being the bank and doing some HML.You can get 8-12% rather easily plus points on the loan.It's also collateralized by the property so you're protected.

If there is a liability claim (tenant falls and breaks a leg) the tenant liability insurance will protect you, as well.

There is some protection with an LLC but I would consider getting to know a local lawyer that can give you some guidance on whether it’s worth putting it in an LLC vs having an umbrella insurance policy.

Hi guys, do I understand correctly that in order to protect myself better I should:1) use a special warranty deed to transfer a property from my personal name into an LLC?

Legally I want the standard asset protection.

Just wanted to add that investment property refi does not have the same protections as owner-occupant -- we found out in 2012 at a refi closing.