Setting up entities advice

[Matt N.]

I have set up an LLC with an investor that has an operating agreement and governs the partnership. We have a bank account with a large sum of money in it and an operating account that we plan to pay for all items (we rehab and rent out properties so expenses related to renting out like mortgage, maintenance, etc).

We plan to purchase a property every other month to do the above. I was going to set up an LLC for each individual property that we purchase so our partnership LLC with the large sum of money is not at risk. I am curious if anyone has any better ideas. I worry that if we use the operating account from our main LLC for each property we purchase in other LLCs, that that money used would now open the main partnership's account for piercing the corporate veil. Any thoughts on this?

And does anyone have a better idea on how to structure this? Ideally, I would want the main partnership to be the holding company and all properties go into separate entities, absent risk to the holding company. Are there any ideas on how to set up this?