You should definitely JV on your first flip so it's not all your liability.

Maximum liability coverage and a good umbrella policy is going to take care of 99.9% of your needs and exposure.

Communicating, applying, and documenting that system should help reduce the liabilities associated with possible discrimination issues.

I would be doing this to gain the anonymity of the Wyoming LLC, limiting my liability regarding the property to the LLC and also gaining the creditor protections of Wyoming law, since it only provides for a charging order that does not permit a creditor to force sale, direct distributions or acquire an LLC interest, even for a single member WY LLC.

Check with a few insurance companies and make sure you have a minimum of $1M liability.

Would aslo  need to have the debts separately from personal liability so it does not interfere with future personal financing.  

Most people use LLC for liability and asset protection, not necessarily tax benefit. 

Tried to go with Fire and Personal Liability (removing Wind and Hail) to reduce cost but haven't found any offerings.I wonder if other landlords/investors have some good strategies to tackle this challenging environment.

, then I contacted them and in order to join their program, you have to put down $15K and $200/month for their deal sourcing service, and they asked to sign a disclosure that basically states: "We not taking liability to what we advertised and we are not refund if you buy some property in 30 days".I felt like this is Scam already but I really want to know how to make money from doing Flipping, so I signed and tried the program.

I figure if a company as big as american homes is using it, liability isnt an issue.