I always caution investors about the "rules" and focus on the long term strategy.You got to remember, the competition is pierced and everyone is looking for the unicorns.

The veil is totally pierced in that case, so why bother paying 2k a year for something that offers no protection?   

Under this method, the LLC protects you individually from liability, and having separate LLCs means that each property will not be liable for any issues at the other properties.Regardless of LLC type, don't forget that there are ways someone can "pierce the veil" to attach liability to the owner of the LLC.

Your are liable for the mortgage since it’s in your name so you make the monthly payments from your personal bank accountAll that being said, I HEAR that having a Title held by your LLC and the mortgage in your personal name basically pierces your corporate veil.

Would I be piercing the corporate veil if I accepted rent through my personal VENMO account and then transferred it to my LLC Business back account?

@Sara Pierce The Albany housing market is like most markets recently as it has appreciated a good bit from where it was a year ago.

From a liability standpoint, putting the sale proceeds directly into your personal account, versus an owners draw, may pierce the corporate veil and open you to personal lawsuits should the buyer be upset about something after closing (and yes this happens, and no I am not supposed to talk about how I know).  

If not done correctly the corporate veil can be pierced or your taxes could be higher than needed.

When I did it, I thought about using one of those wallpaper scoring tools to pierce the paint but never tried it.  

Unless you follow every principle of an LLC, a half decent attorney will pierce that "shield" in a matter of minutes.