LLC is easily pierced by any good attorney unless you have partners or have property fully leased/managed, etc. by a third party and even then I would never be comfortable with just an LLC and would also want an umbrella policy. 

Transfers in and out of the bank account to your personal account can pierce the corporate veil and expose you to liability in a lawsuit.If you hold multiple properties in the future, you will likely want each one to be in its own entity.

Pierce you shouldn’t have any problem getting cashflow on a deal but it also depends on what is your strategy?

@Tre Tyler, I am helping my clients in the PNW counties especially the big three (Pierce, King, and Snohomish counties).Feel free to reach out anytime.

Full disclosure, I'm not a CPA, attorney, etc. so consultant your professionals.For liability:The most important thing is to operate your LLC(s) properly so that you don't pierce the corporate veil.

Some courts have "pierced the corporate veil" based on certain circumstances but I don't really see downside to transferring properties into an LLC except:1.

Quit-claiming has caused us title insurance issues in the past, and since most of our financing is in our own names, we’ve got our LLC veil essentially pierced before we even begin anyway.

Get a good PM and insurance and your fineMost people don’t realize self managing a property is the simplest and easiest way for someone to pierce a corporate veil.

@Chris Bauer, not only do you pierce the veil, but you will pay transfer taxes when you change title (as my investor friendly Florida title agent told me). 

You might find an old survey recorded with Pierce County.