Yet another Sole Proprietor question

[Jason Rivera]

Hi folks,

I've read plenty of posts and articles about choosing between sole proprietor and LLC. I'm still prepping but it's looking like I may start with a flip and eventually would like to get into buy & hold. I currently live in a condo and one of the association rules is that you can't register a business to your address so that would rule out the LLC at least until I move out in a couple of years. If I begin flipping, what possible issues could I be potentially exposing myself to that insurance may not protect me from and are these issues something that should concern me or are they low probability issues?