Unfortunately, that's actually as close as the wrong lawsuit happy person stepping in a hole on your property and twisting their ankle- but an LLC would offer your personal assets {and other investments} safe)If it's just yourself taxes are not so complicated with a SMLLC (single member LLC) so that shouldn't be a huge reason not to use one as the protection benefits offset/outweigh the small steps during tax time. 

A complicated flip where we carry more risk (structural issues, total gut, busy road, iffy location, etc...) we are not going to buy it unless the numbers work for us too.

I've heard NJ can be complicated and very competitive. 

Without complicating it too much, I would aggressively pay off the credit cards.

Ahh, let's not complicate things, they say. 

There will be no taxes (it's more complicated, actually, there could be some taxes), but you also cannot pull out the profits.

As far as permits go what about them would you say is the most complicated? 

I might just be making a complicated way to bird-dog.

That may complicate the deal.

So, we are leaning towards buying the property via two LLCs, although I'm a little concerned that this will make things (like obtaining loans) more complicated for us in the future.