Protecting yourself from lawsuits when buying land to develop?

[Samuel Warnell]

Hello!

We are in the process of purchasing approximately 10 acres that we plan to develop into SF/MF housing over the next 2 to 3 years. This is my first experience with new construction and i'm not sure how we should properly protect our equity from lawsuits in this situation. In the past, we buy rentals and hold them in single member LLCs to shield ourselves. What is the best way to protect ourselves when buying land to develop into rental housing? Does it all have to be in one LLC or is there a proper way to divide it to limit access to equity in a lawsuit?

As always, any guidance will be greatly appreciated!