@Diandre Pierce I think I'm following you....but if not, let me know.If you are looking to purchase ANOTHER primary home (which is permitted as long as you have met your occupancy requirements as stated above) then 5% down should be allowed.  

Apparently, its not clear cut as to whether your veil has been pierced. 

I had an inspection, and then later found out from a tenant that the tree roots had pierced the foundation and water flooded into the house every spring.

(Not giving legal advice I'm an insurance agent not an attorney) If you are sued and they allege negligence on your part they can pierce the LLC protection anyway is my understanding but you have to ask your attorney about that part.My bigger worry is in a claim situation with you having a policy in your personal name but the legal ownership in an LLC is the potential for the claim to be denied (at first) for not having insurable interest - you could fight thru to show you are the owner of the LLC thus the property owner and have an "insurable interest" entitling you to coverage BUT... do you really want to jump thru those hoops if the house burns down?

@Blake HegeWell, I wouldn't use a LLC in the first place, but that sounds like a different matter if you are already set on doing it.the part about self-managing and pierciing your corporate veil is probably part of the facts and circumstances that go into determining if your actions have pierced your corporate veil. 

This seems to be the easiest way, however my main concern is the piercing of the veil. 

Also, quit claim deeding your Title back and forth also starts to look like using the LLC as an alter-ego which also pierces your corporate veil. 

So when most of these people are trying to limit their liability by having an LLC own the property.....they have in fact created way way more liability for themselves by not being properly insured....and they also have an LLC that is easily pierced since the loan is in the individuals name, and not the LLC.

I haven't done this yet but plan to.And finally, I can set up a series LLC myself and hope I do it correctly, never piercing the corporate veil.  

This is also in part due to  the fact that if I had an LLC, it would easily be pierced since I often make the mistake of paying for things out of my personal account instead of the business acount.