Hi our 14 unit rent stabilized apartment building is not very profitable  due to strict rent stabilization laws in NYC.

Facebook decided that I'm a lawyer for whatever reason, so now I see facebook ads for "get more law firm clients!

CA has homestead law that protects up to only $100k!

My local market and rental laws make it difficult to invest here.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I can't speak to the law, but it does seem like a recipe for disaster.

This may be a good solution for you but be sure to understand the law and operate it properly so you don't lose the protections afforded.Most investors I deal with own the property in their own name.

@Akeen Felder In addition to @Russell Brazil's point regarding net listings, there's also the issue about "fraud in the inducement", meaning that you entered into a contract to purchase a property when you had neither the intent nor the ability to do so.Further, your state licensing laws may have something to say about whether you owe a fiduciary duty to the seller.  

Virtually wholesaling wise, that's hard to say since you are dealing with multiple state laws.

I would read the law regarding tax sales in your state real estate code or whatever section covers that.