That is why I have a high Umbrella policy.

I think the bigger the property the more professional you need to manage it, this could be challenging if you cant figure that out. 

Bigger Pockets is your golden ticket to great success.

@John ClarkPurchase: 530kDown: 5% (conventional)Seller credit: 7.5kClosing: 10KRehab: 70k (Cash, no improvement loan)Rough 70k breakdown (high level / bigger ticket items): 25K Labor 10K Landscaping 10K Appliances 3K Staircases spiral 3K Paint 3K Counter tops 2K Gutters 2K Vinyl floor 2K Porch/fence/stepsRemaining 10k include materials from Home Depot/ Menards / Lowes... lots of receipts on my end.

Hello Twin Cities Bigger Pockets members. 

I post the meetup on Bigger Pockets so just keep an eye out!

My first 3 properties were purchased in my name and I thought I was smart by purchasing an umbrella policy to cover them all.After reading as listening to advice on BP I see that I should setup an LLC and have a team (CPA, lawyer, etc) advising me.I wonder if anyone can share the team of Advisors they use, who they are (CPA, Lawyers, etc) and how they found a good one.  

A good umbrella policy for $1-2M should cover you if anything bad happens.

The bigger banks were harder to do it.

Have you heard the phrase, "Everything is bigger in Texas"?