Wholesaling and flipping under the same entity

[Kyle Bigger]

Hey BP, I've got a question for all of you! I am curious how you guys protect your assets by putting them in different entities.

I use my marketing to ultimately find my own deals for either fix and flipping, or holding as a rental. In the process though, I also end up wholesaling quite a few properties every month that don't fit my investment criteria.

So essentially I am doing three forms of investing in real estate. 

1. Wholesaling (If you can call this investing) 

2. Buy, fix & flips

3. Buy & holds

My question is - should I have each one of these functions as a separate business under different entities? I already do so for my rentals. However, I don't need a lot of capital to wholesale, just enough to cover operating/marketing expenses. So, keeping all of my funds under a company that wholesales seems very risky. Should I create a separate entity exclusively for flipping and keep my funds in there, since I use most of my capital for flipping anyhow? I would prefer to not have to do this for numerous reasons, but if it's the only way then I'll do what I go to do.

Thanks in advance!