Being an outdoor active lifestyle focused company we strategically select projects that can provide a multitude of outdoor recreation options.

Many people will also tell you a good umbrella liability policy is plenty of asset protection, and mucking around with complicated asset protection schemes isn't really worth the time, money, and effort.

I wouldn’t skimp on limits, and I always recommend an umbrella policy as well.

I owe nothing on any of my properties, carry an umbrella policy and make a decent amount of money a year on them.

You buy and raise specialty breeds like Waygu or maybe Longhorns.Buy land because you want to live on it or speculate for future profits, or you enjoy being outdoors, but as far as the cattle raising, be careful out there.

The one downside to this arrangement is the tracking of expenses because so many household & otherwise personal expenses become split expenses: the landscape gardening, the cleaning of house & rental unit if single payment, the utilities, your tax accountant, homeowner's insurance, umbrella insurance, real estate taxes etc.

Will there be private outdoor space?

Way easier to just get an umbrella policy than make yourself crazy with an LLC when you are just starting out.

She agreed to do an umbrella loan over both properties, which meant paying off the original owner. 

The reason for buying in my name only is that I have no assets here - so If my umbrella insurance was not enough to cover any litigation, I would have no assets to go after, all our assets are in local companies or my wifes name.