Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Maybe consider an IRA as an alternative but that also will have UBIT taxes, due to the flipping business. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Further, you may want to consider an estate planning attorney as well if it involves anything to do with assets, planning in your overall estate, asset protection, LLC formation, etc. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like Los Angeles where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

I don't know how desperate or flexible the seller is but maybe they will consider an agreement contingent on the variance for 100% residential.

@Curtis Linville consider an occupant?

I know most wholesalers would prefer cash buyers but I'm sure there's a small mix out there who'd consider an investor with a loan.

I would first make sure you're well insured on both in case anything arises, but it may be time to consider an LLC now that you're gaining some ground in Real Estate. 

If it still cashflows under both of those conditions in the same time, would that be enough to consider an investment very safe?