If you start making mistakes and pay for one property's repairs with the LLC of another property, you have pierced the corporate veil and likely would have your LLCs thrown out if a lawyer tried to get past their protection.On the other extreme, it doesn't make sense to put all your eggs in one basket. 

A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC and being able to sue you directly.

It can still be pierced 2.

Co-mingling funds and using the LLC as an alter ego are sure fire ways to pierce the veil. 

Most people would seem to pierce their own corporate veil (consult a qualified professional or two) by not operating the LLC cleanly --- and because your CPA said it was okay doesn't count since this is a legal matter. 

If it has no assets then there is nothing to get, however it is possible to pierce the corporate veil and go after the owner, but again I have no idea of the facts to guess about it.

I was quoted $750 for drafting the partnership agreement and operating agreement.Courts across the country have been "piercing the veil" of LLCs and pushing the limits on the level of liability protection they provide.

lenders don't have a fiduciary respnosiblity to you) only pierces your corporate veil in my layman's opinion since you are using it as your alter-ego. 

This may seem silly but that's part of treating the LLC as its own entity and not using it as your alter-ego or co-mingling funds  which are both surefire ways to pierce your corporate veil.Since this is your primary residence, I am guessing that you own it personally and have the mortgage in your name. 

Another question about the utilization of HELOC.If I were to buy a a home out right using HELOC on my personal residence but in the name of LLC, then refinance to pay off the HELOC… OR buying with HELOC in my name then transfer to LLC, then refinance in LLC and use that to pay HELOC off, would either of these situations be considered piercing the Corporate Veil?