I don't grumble about tenant protection laws here because they kept the rents low when I was a tenant, which is how I could save money to buy the property.

(That's where they borrow money, don't pay it back and then claim that since they were paid in paper money, not gold, they are not required to repay the debt and they get to keep the property.

I want to create entities to protect my personal assets from consequences of the real estate business.

They use escape clauses to protect themselves, not thinking about the distressed seller who at the end of the day will most likely be in a worse place if the sale doesn’t complete.This isn’t all wholesalers, but this is a lot of them, especially new ones with no money. 

In almost every state, your personal residence is protected from creditors.

Agents do a lot of work for free on the front end so the "Exclusive" just protects them from investing their time in a client who then buys something without them either going directly to the seller or using a different agent.

If its protection your looking for the LLC wont really matter. 

Is the only thing I can do to protect us is to take it to a lawyer and let them handle it?

Without knowing the umbrella details, it'll help protect one property from an event on the other, your properties from an auto issue, and vice-versa.

You may also want to be sure you are conferring with attorneys in those states for asset protection reasons, should you be so inclined.Nathaniel Busch, CPA