It is probably the best for asset protection, but do you want or need that full protection or is that something that you want to build over time and can accept to have a lower level of protection for now and just create the corporation and one or two LLCs.Again, it is your choice.

Most individuals put properties under a LLC for tax, asset protection or organization purposes. 

It's not just about 100% asset protection or 100% anonymity, those are almost impossible.

Even "tax attorneys" are typically attorneys that defend you against IRS audits and lawsuits, not typically people you want to go to for specific tax advice.As @Logan Allec said, you want an attorney for forming business entities like LLCs for asset protection, or for drafting any contracts or agreements necessary for your flip business (partnership agreements, etc).

Asset protection or accounting purposes?

And lastly do you recommend using LLC for asset protection or is it too much of a hassle?

@Taylor Campbell @Patrick Mellea - here are some diagrams that might help you further on this quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagramHow a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresIf you want more details, from an investor perspective, PM me.

and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Here are some visual diagrams to help you in your quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection

But it doesn't give you much asset protection or save you on taxes.

. - "False Evidence Appearing Real" - and you have to be careful who/how you ask about it (Hint: don't ask an insurance salesman if you need insurance).Info: The Asspro Nebula - What is needed for complete asset protection OR the domains that need to be intersected to find asset protection nirvana -https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram b.