If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

With their increased coverage and leverage it's going to be hard for you to compete.If it's just you the biggest impact you're going to have is going to be face-to-face.Consider getting a list of owner-occupied properties with long-term owners with good equity built up in their houses.

My initial focus is to get the rental properties into proper structures with very robust insurance coverages, start the journey of actual tax planning, and protecting everything in general.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Read the table of principal uses and understand what uses are allowed in that particular zone, and what the requirements are for those uses (minimum lot size, setbacks, lot coverage ratios, frontage, etc.).

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

You should certainly look at DSCR loans (debt service coverage ratio)- your DTI will not be taken into consideration; you will qualify based on your FICO score and the rental income the property produces in relation to your PITI expenses.

This will include property coverage, personal property coverage and property liability along with many other coverage items.

Short term rental insurance is very similar to long term rental insurance in terms of the coverage items you will want to have.

Does Dad have coverage?