LLC or Umbrella liability policy?

[Caleb Thompson]

I know versions of this question have been answered, but as a new investor, is it most conducive to keep my first rental property in my own name and look into an umbrella excess policy (1-2 mil limits)? Or, look into spending money on an LLC? The property is in my name and It's to my understanding lenders can be apprehensive about the title of the property being transferred to an LLC.

Open to thoughts, opinions, and any stories!

thank you