Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

And if we are speculating, it would not surprise me if all of the infrastructure (freeway expansion, light rail expansion, Ruston Waterfront project, etc.) and proximity to Seattle ends up attracting another large employer to the Tacoma/Pierce County area.

@Ben Pierce I have been investing in the Denver market for a while and would be happy to answer any questions you have on this area.

I will definitely keep them on my shortlist@Kyle Pierce Thanks for the references as well.

Now, if you thought you isolated the LLC's from each other, you actually pierced their corporate veils and just joined all their liability. 

There is a strong investor community down here in Pierce County, and everyone has been so willing to help that it is a great feeling to know we are not alone in this.

I've done lots and lots of properties in King, Snohomish and Pierce Counties and some elsewhere in WA.

I think where they make more sense is bigger companies that sell public stock meaning it is more difficult to pierce to corporate veil.

Llc shield is pierced. 

If not there ar almost no flips or 1% rule rentals on the MLS in King and Pierce county.