I have only flipped not wholesales I am just defending this because at some point when I have enough CASH I would like to wholesale.

What many people don't realize is that liability insurance not only insures you for losses up to your specified policy limits, your insurance carrier also has a "duty to defend".

Often, they are very quick to defend their reputation.

One of my bird dogs who now works with me as a JV got wrung up for putting a for sale sign in a yard of a home he did not own.. neighbor wanted the house knew my guy did not own it filed complaint.. and its much like getting a DUI  cost him about 15k when all said and done.this is the response I got from the state like I Said I got tired of all the Is this legal is this not and the last thing I am going to do is listen to a lawyer on this stuff its not their money when your wrung up they make it defending you."

., illegal subletting, continually disturbing other tenants, or other illegal activity) from 3 days to 10 days; and increases a tenant-defendant’s answer period after a Unlawful Detainer complaint is served from 5 days to 14 days.

It is their deception and illegal practices that keep regulators in business:)...but of course, they always find a way to defend their actions!

Further, in a civil lawsuit claiming monetary damages by disgruntled investors, the offeror will have to defend his actions against a variety of charges based on non compliance with state and Federal statutes.So, years ago, the SEC established a safe harbor for private placements.  

The flip side is that these are newer entitles and there isn´t a lot of case history of investors successfully defending their assets from creditors using a Series LLC.I knew this when I formed them and was happy that the benefits outweighed the very low risk that I would get successfully sued by someone AND the local state courts would not recognise that my individual rental properties were legally segregated.Unfortunately, not all specialist lenders are happy to accept that risk.

I attended a medical marijuana briefing by a criminal attorney (defends medical marijuana businesses) recently who described CA SB 643, the Medical Marijuana Regulation and Safety Act (MMRSA).  

As to attorneys: I'll just say there are a few who may give off the wall advice, they may base their opinion on some point they think they can defend that doesn't follow usual and customary dealing.