@Alan DavidsonCarrying a large enough umbrella policy would serve the purpose, wouldn’t it?

I was wondering if I were to purchase a property under my name at a conventional loan and maybe 6 months to a year from now I rent it out and were to purchase an umbrella policy, should I create an LLC to mainly deal with the operating side for collecting rent/ and creating lease agreements, etc or what should I do?

I don't own any of my properties in an LLC so looking to get umbrella insurance.

Home insurance, I have an umbrella policy and worked with my insurance agent to have other liabilities and coverages added for furniture and appliances.

no good way around it.For single and even 2-4 family homes, generally just going under your own name, insurance, maybe umbrella policy, and keeping your properties in good repair is enough. 

I just had one delivered yesterday from Outdoor Spas.

If you have a mortgage on the property you don't need an LLC for one property.It gives you no tax advantages and if you don't operate 100% correctly an attorney can pierce the business veil easily.Have correct insurance, take care of your property and if you want something useful get an umbrella insurance policy.

But if interest rates rise, it's like clouds moving in, making loans more expensive.So, when it comes to real estate, pay attention to the timing and market conditions, just like you check the weather before planning an outdoor activity.

If I replace garage openers, I tend to spring for the outdoor key pad as well.  

We are considering a house purchase, and inspector recommended the following:**Ground the electrical outlets in the bedrooms**Install GFCI's in the kitchen, baths, and outdoor outlets.The seller does not want to do it since "the house was built in 1980 and it was built up to code back then".I was thinking about getting a quote how much this would cost and deduct it from the purchase price...