Insurance for your day job and insurance for your property is your first line of defence.

Baptist ministers, Catholic Priests and Muslim Clerics.

However, in the event of a lawsuit you would lose some or all of your statutory defences, and might even be successfully sued for treble damages under the statute of fraud.Utilizing a structure of purchase contract assignment would somewhat disguise the brokering activity, and lessen the threat of a lawsuit.  

Finance Minister Mike de Jong announced new rules Tuesday aimed at ending the controversial practice of 'shadow flipping' by eliminating a means for anyone but the seller of a house to profit from real estate contract assignment.The CBC News article can be read here.Naturally, the provincial government's attempt to curb this form of racketeering in the Lower Mainland's drastically overheated housing market will only be as good as the ability to enforce it {look out for a rise in unreported "side deals"}.It also sounds like this change pretty much puts to rest any thoughts of wholesaling that does not involve purchasing, then reselling.

The reality is that 9 times in 10 the seller is fully aware of the defences and has priced accordingly.

I am a licensed minister working for a non-profit ministry.

So in my defence, here is what I thought I was offering:A deal that they didn't have to do any marketing to find.A deal that they get half the profit on by doing less work, because I would be doing everything.

Recently I have looked at a duplex where the upstairs tenants are two young guys who are in the process of studying to become ministers. 

Do most liability policies cover legal defence fees in case of a lawsuit by a tenant against a policyholder? 

Protection wise insurance is your front line of defence, keeping equity in the properties as low as possible will also limit your risks.