Hello fellow Bigger Pockets members.

Then it is pretty cheap to add an umbrella policy which will provide you with a ton of liability protection.

I am guessing that they will suggest that you require the Tenant to have:- General Liability (1,000,000/occurance)- Umbrella Liability ($1mm or more)- Professional Liabiity ($1mm or more)- Tenants Legal Liability ($500,000 or $1mm)-  Abuse/Molestation covered under the Liability or as a separate limit)- Business Auto Liability ($1mm)- Workers Compensation & employers Liabiltiy- If they paid to make modifications to the property to be able to operate (ie. ramps, special doors, etc.) they may need Additions & Alterations coverage depending on what your lease says on who owns those.They will probably seek to add requirements that shift the burden of Insurance to the tennant for something that you both get drawn into.  

Hoping to stay near Mauldin but man prices still climbing in the Greenville area so might have to open up to those areas for strictly investment properties after we can find a bigger house here.

If you're some cash rich secret millionaire buying houses in the ghetto that are unsafe then maybe a LLC makes sense...Just get umbrella policy and be done with it.

There's a lot of new construction going on behind the Publix and off of Panhandle Trl that is equal in quality to Holley by the Sea but with bigger lots sometimes and no HOA.

My position is in line with many prior posters - the bigger question is what is your opportunity cost? 

You have bigger fish to fry:1.)

After doing that a few times we realized we should find a bigger town population 100,000+ where we could hopefully fine enough deals to stay in the same area.

Keep reading until you understand at a molecular level that 10x is playing way bigger than the millionaire next door.