Any advice, suggestions, or strategies on this scenario would be greatly appreciated: My husband and I are purchasing a single family home at auction (we have done our due diligence) as a first investment property. Of course cash is required before bidding. We will use, say, the $40k in our LLC bank account to make the purchase (we want the purchase to be made by the LLC to avoid any issues with piercing the veil, etc) to buy and hold, rehab, and eventually rent out--plot twist: We want to live in the home for the first year or so then move and rent it out. I've seen some say "just live in it" indicating that there is nothing that needs to be done legally for us to be occupying the property owned by the LLC so question 1) is whether this is the case or not. It seems that this would be tampering with the "corporate veil" or borderline intermingling personal with business or appear that we used business capital for our own primary residence... 2) There will be close to $60k equity in the property therefore if we were to ever wish/need to tap into the equity, would a quit claim of deed to ourselves for a personal mortgage until we move, then back to the LLC to rent it out (it will be owned outright so no due-on-sale worries etc), or a commercial refinance in the LLC name be the best course of action to pull out equity for investing in additional property?