In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

Umbrella policy's and LLC's aren't mutually exclusive, that means it's not "eithe/or" but "and".Also the two informed posters above put the LLC proponents vs. just umbrella folks at 50/50.

I understand they are not mutually exclusive.

To keep it short and simple:  cash flow and property class are not mutually exclusive. 

I may have misread the CCR's, although in one section it states that "the Declarant (the developer/PM) shall exclusively operate, maintain, and repair the Common Area within the Shopping center."

I’ve recently litigated a case where I sought to file a claim on my clients behalf so that he may limit his exposure and also out of pocket attorney expenses, and I was surprised at the exclusions the insurance company used to exclude the matter from coverage.

I know residential and commercial are two very different ballgames, but I know that residential agents won't work with you if you don't sign an exclusive agency agreement.

No specific exclusion on a theme park. 

Also wanted to share that BiggerPockets is launching a pro-exclusive 12 week Rookie Bootcamp in late August, with Ashley Kehr leading the way.

It sounds like you were living in the house in order to claim the primary residence exclusion in the past.