Think about your individual chances of being affected.  

At the end of the day, both of these respective vendors/individuals are paid when the deal closes. 

Some of the easiest deals my dad did were taking a large piece of land and subdividing it into smaller pieces and then selling them off individually.

I have partnered with individuals on fix and flips but my goal for 2025 is to buy my first LTR.

Personally I like 1 savings and 1 individual checking for each property.

When I partnered with friends on a multi-unit property a few years ago, we chose individual umbrella polcies from our personal providers.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Whether its for investors, agents, or just a general meet up for like minded individuals .

What folks should be doing is developing the understanding enabling them to build their own tools.

Instead, build a solid bench of 3rd party vendors; HVAC, plumber, handyman, etc..When considering whether or not to make a hire, most of it depends on how many hours you can dedicate to that individual each week, at least when hiring a maintenance tech.