If the owners fail to maintain a formal legal separation between their business and their personal financial affairs, a court could find that the corporation or LLC is really just a sham (the owners' alter ego) and that the owners are personally operating the business as if the corporation or LLC didn't exist.

It is possible that you could convince a judge that the fact that you have financing in your own name on the building does not mean that your LLC was a sham or that there is no separation (especially, if you followed all the other corporate formalities and otherwise kept your funds separate from those of the LLC), but I think your chances of being able to keep your personal assets out of a lawsuit will be greatly diminished in such a case.Personally, I would go with the commercial financing as the terms are not that much worse than Fannie/Freddie financing, at least in upstate New York. 

It is a shame what we are allowing our government employees do.

I live in Milwaukee and it's a shame to see these situations and the families who are renting properties in horrible conditions.There are several upstanding investors that I know that have done city of Milwaukee rehabs using their funding incentives.

It's a shame because it has some really beautiful natural lakes and natural scenery, but you can buy houses in the same areas I lived in 40 years ago for the same price as what they cost then - virtually no appreciation whatsoever.

I must admit my industry is not very helpful to investor's in the first place..and that's a shame on us.

What a shame.

The bottom unit tenant is complaining and blaming me for the problem, telling me that "This isn't a good way to keep tenants," and that I should be "ashamed of myself."  

I'm not ashamed to say it!

In the modern world, its a shame!