Even with a LLC, it still comes back to insurance to protect your assets, especially when it comes to legal fees otherwise you'll go broker defending your LLC.Note:  I keep seeing comments about single member LLC's providing limited protection. 

Now we need to factor in the other players, defenders, 3rd parties (coaches, refs, fans, etc).

@Cullen EckertYour legal reference while being a nice try is really invalid because the court overturned it because governing docs did not include it whereas if it is a deed restriction that is completely different from that caseIt doesn’t mean you will win or lose but be prepared for a hefty legal fight that could cost you tens of thousands to defend and the HOA going to make your life.

@Savannah Walbert, as an LA local, I can't help but jump in to defend our home town!

Couple ways to size an umbrella policy, 1 is to analyze your assets and do it based off that, but I have always preferred to do it based on what is an amount that guarantees my insurance company would want to defend me. 1 million to start is pretty popular.

I would also only go with an option that provides audit support / audit protection - ensure that if you do come under scrutiny, they will come out to do a full engineer study to defend it. 

@Russell Brazil I don't think that will be the end result... or that MD considers agents wholesaling to be illegal.I think REALTORs have changed their focus to defending their commissions and cannot afford to fight this battle right now.From what I understand, Maryland is going to move to a disclosure requirement (I'm going to assign this contract; here's where you can find the assessed value of your property; etc.), with parties having the ability to cancel a contract and potentially keep the EMD when the required disclosures are not made by the wholesaler. 

I feel like a good PM is defending me from scam artists.Get out the superman cape!

Did you defend them? 

If not, a single letter from your attorney would help in several ways including preventing and defending a future QT action.