Entity setup before first deal for flips

[Paris Ambush]

So I've been doing research on asset protection for the fix and flip strategy and ended up talking with the folks at Anderson Advisors. The advisor drafted up a plan suitable to my strategy and advised me on how it would both help protect me from litigation and tax savings, but I'm wondering if I really need something like this before finding my first ever deal. When you started out, did you need to setup your entity structure? I'm thinking something like this may not be necessary until a certain threshold of income and volume has been reached, which would then justify the overhead and expense of entities. What are your thoughts on the matter? I'll be doing this business in California.

Thanks,

Paris