Places that can support a restaurant/food are very difficult to come by because of septic and zoning requirements.

I haven't done this yet because I'm not sure if I can get an umbrella policy to cover all my assets especially if I have some in a trust and some in LLC, or if I should just put them all in the trust.

Any information and support will be appreciated.  

So, maybe the floor joists can be sistered and supported, instead of replaced. maybe the water heater can be fixed.

I asked my Allstate agent to have a landlord insurance and the policy holder to be the LLC but he said the policy holder has to be a person we can't put an entity as a policy holder.

Below are a few more thoughts on pros/cons.Pros: If you're new to real estate in general, you'll learn the mechanics of RE transactions, the governing laws and the key participants and services that support a transaction.You will interact with other realtors that may help accelerate your understanding of the market values and dynamics you're working in. 

Also, as the amount of the raise increases, the level of exposure to the firm's E&O policy necessarily increases which may warrant a premium on legal fees. 

My title company has also issues policies on these acquisitions.  

Hey the old insurance agent in me would advise you to have him get a renters policy with say about 1 million in liability protection, have him list you or your company as an additional insured on the policy.

Look at what your monthly mortgage will be, and verify that once you complete the project market rents can support the loan.