He has asked;"Provide protection around water heater or furnace to prevent children from making contact with theseappliances."

Any advice or pitfalls that I should prepare for or protect myself from?

You’re on the right track—setting up separate LLCs for wholesaling and building can simplify things and offer liability protection, plus putting properties in their own LLCs keeps assets safer as you grow.

The goal here is to reduce liability.Consult an Attorney for Liability Options: An attorney could advise on setting up an umbrella insurance policy to add an extra layer of liability protection.

Quote from @Blaise Peterson: Daughter: 26yo and earns >100k/yr and, historically, has rolled her eyes when I mention the phrase "real estate".

Then it will go to tax sale and typically back to the county.The mortgage company could try and repair the property to protect their asset but it depends.

This ensures you’re protected in case of disputes and shows your commitment to maintaining the property thoughtfully and responsibly.I know this was longggg, but hope it helps you or anyone else with this same question. 

Think about it now with the new brokerage laws where buyers are expected to pay brokers fee's if they are not paying thousands to mortgage brokers it leaves them more money to pay their Agent who actually finds the house for them helps them with insprections etc etc.. buying that home in British Columbia really opened my eyes to how goofed up our owner occ lending process is .. and costly.

And that includes wraps .. wraps done right protect the seller and you.. investigate that avenue.Have to agree with you Jay….good advice as usual  

But you're living in a market people are keeping an eye on from all over the east coast!