Keywords, silverdale, tacoma, gig harbor, pierce county. 

Happy Labor Day @Elizabeth Pierce, welcome to BiggerPockets! 

@David Pierce that's great Dave!

NV is getting expensive).Each property runs its own books, takes it's own PnL's and write-offs, etc... don't co-mingle funds to avoid anyone piercing your corporate veil and finding a loophole to attack all properties you have JIC something goes South on you. 

I mean if any attorney straight out of law school will be able to pierce the veil, why set up an LLC?

The corporate veil can be easily pierced esp. when the accounts are co-mingled.

Courts in CA have pierced corporate veils many times, especially if it is llc vs tenants (in my case, employees), I don’t even see the need of an llc unless you net worth at least 500k.

With such hands on management the corporate veil protection of an LLC could be easily pierced was part of the reasoning.

This helps protect you (in theory) if you get sued as they cannot go after your personal assets since you did not "pierce the corporate veil".https://www.nolo.com/legal-encyclopedia/personal-liability-piercing-corporate-veil-33006.html

Now, any good attorney can pierce the shell of the corporation and thereby get to you and your personal assets in most cases.