Personally, I think doing both is ideal - an LLC and a 1-2 million umbrella policy.

Crawling under my house in 20 below zero weather to unfreeze a p-trap. 

Workforce housing makes zero sense on the mountain due to the value of the land.

Luckily MN is a zero deductible state for auto glass so you probably won't have to worry about your tenant pursuing things from that end but having an invoice from the auto glass company to present to the management company may help your tenants case.Good luck!

@Andrew SmithPep talk time:Every investor has a different risk tolerance.

But as a risk mitigation strategy in the shorter term for future eviction moratoriums, high unemployment and other (landlord) unfavorable politcal or economic policies, we are planning to make a big effort to find section 8 tenants for maybe 10-20% of our units.

All of my deals are held in LLCs plus I carry a personal umbrella policy. 

No one anticipated so a target market with mediocre employment and landlord unfriendly policies would torpedo a ton of otherwise good deals. 

Without a title policy you are not guaranteed clear title.

The cause of the damage and the terms of your policy will cover rather or not the insurance company will cover it.