Business Enterprise vs Personal Insurance

[Anthony Frandanisa]

Hello Bigger Pockets, 

I'll cut to the chase and keep it short. I am in the process of securing funds to start my investing journey and I sat down to discuss it with my CPA before my wife and I make any purchases. She advised me to not start a business entity and use a personal liability umbrella policy to safeguard my family. She said once we get to the point where we want to move properties into an LLC we can do that, but that we should start buying in our name so it's easier to finance. Thoughts on the advice? Is an umbrella policy going to offer us adequate protection? Thanks for your time in advance.

- Anthony