Umbrella insurance helps protect you against that possibility."

Follow this policy up with an umbrella policy 1-5 million depending.

Umbrella policies are super cheap compared to just the taxes and other upkeep of an LLC.

Don't go lite on liability insurance, also get an umbrella policy.

This is just a portion of the listing: "The yellow garage that matches the house has a tool shed attached, in which our indoor/outdoor cat Morris lives.

Someone flipped a house down the street from where we live and had a big outdoor banner made of his company, logo and website and number.

@Reece O'Bryan,I would urge you to look at the bigger picture before forming and operating under an LLC.I believe it was Jay Hinrich that recently wrote a piece on LLC formation and utilization that I wish I had read before forming our LLC.Basically he said unless you have significant amounts of assets to protect your wasting a lot of time and money with LLC formation and maintenance.Also some banks will automatically classify you as a commercial borrower thus eliminating you from conventional lower cost loans available to individuals and maybe not the LLC entity.That's what happened in our case,keeping us from taking advantage of conventional lower cost loans.We had assets to protect but could have done it by borrowing against the property and an umbrella liability policy without the the hassle of the LLC.Bottom line is their are more effective ways to protect your interests other than a LLC and its consequences.Do more and better homework than I did and you may save yourself some money and headache.Good luck in whatever you decide

An entity is like a tool to shed water, ie a poncho and an umbrella, both have strengths and weaknesses...At the end of the day, unless you like walking around smelling like a dog in a stinky wool sweater with shoes squeaking from within, you will elect to form one or the other.  

.- Issues effecting resale value: double yellow lines, numbered state roads, proximity to train tracks, highways, airports, gun clubs with outdoor ranges, flood zones, school zones, business / industrial noise or odor issues, high crime area, crappy neighbors (barking dogs left outside, trash in the yard, house in disrepair) close to a hospital, police or fire station (sirens all night).So what we're looking for is properties where the numbers make sense, with no issues that will slow down the sale when the rehab is completed.  

If you don't have the properties in an LLC, I would suggest an umbrella policy.