My hazard policy includes substantial liability coverage, so I'm wondering if I'll be causing myself more trouble than it's worth by transferring ownership to an LLC. 

So I've made to decision to convert my liability into an asset. 

How much liability insurance should I get?

How much liability insurance should I get?

Would umbrella liability insurance help in this case ?

That being said, if you have documentation that you deeded the house away AND your house debt was discharged in BK, a lender should be able to see that your liability and debt on the house are extinguished.

If you are eligible for the owner occupied legal residence special assessment or the agricultural use special assessment and fail to file the proper application, your tax liability may be over three times higher because it will be classified at the other real property rate."

I figure it's low maintenance, lie liability with a good return.....the only problem is km having trouble finding such a property.

We also would like to avoid them being named as an owner to prevent them from any liability (though an umbrella policy may be the solution to that).

It's a liability issue for the listing agent..