@A Bari many/most investors will purchase their first 5-10 properties under their name, and instead of an LLC, get decent landlord insurance and an umbrella policy to cover their rental properties (and home and auto too).

I have also heard of people who keep the properties in their name and just have an umbrella policy for protection.

Combine this with a large umbrella policy (inexpensive) to cover liability.

If I have to account for all things that are part of doing business then my ROI will be even lower: I also have an office rent, staffing, insurances (car, office, commercial umbrella, persona umbrella), HR, legal and the other things that I have to pay just because I am doing business."

Hello All,Regarding obtaining an “Umbrella” liability  insurance policy, is it possible to cover properties from various states or will separate policies need to be issued?

Currently asking my insurance agent to purchase an umbrella policy and an auto insurance policy.He said that I cannot have umbrella policy unless my auto insurance liability limit is $250k/$500k/$100k.He also said that since I do not live in a house that I owned, I also need H04 policy.This is new to me, it seem like a cheaper auto policy and LLC is better at the moment. 

Initially buy under your own name and get sufficient insurance through an umbrella policy. 

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

I am working with an insurance agent and doing my own research, but not too thrilled about what's been discovered.Also, any advice on obtaining umbrella coverage for the entire building and requiring each tenant to acquire their own renter's insurance? 

I have home owners insurance and an umbrella policy and I see that Airbnb provides insurance as well.