Having a LLC to protect you from lawsuits has to be closely watched by a CPA and attorney or someone will pierce the veil. 

There are hundred of posts already on that subject in this forum, as a summary of the topics discussed about your same situation:Yes it is possible,LLC will not reduce your taxes but will create liability protection;using LLC has a cost (creation, maintenance, lending cost) and need to be properly used to avoid piercing its veil;you need to check with a CPA and real estate lawyer to discuss your specific situation;be aware of the high CA franchise fee for LLC and you want to discuss alternative solutions (like DST or other creative way to avoid it);be aware of the due on sale clause if you have a mortgage.

As a general rule, I don't invest in WA state, but especially King, Pierce and Snohomish counties.

My hunting areas of focus have been Fort Pierce FL, Jacksonville FL, Columbus GA and Montgomery AL.

His advice was to purchase my first property without forming an LLC or putting it into a trust--the ease with which the corporate veil is pierced in this state makes it a moot point.

Quote from @Michael Pierce: Ok, so I’m new to investing and I’ve been trying to come up with a financing strategy to get me into my first flip As of right now I’m thinking of establishing my business credit to Get a business credit card with 0% interest with a high limit.Then I would use the credit card for a down payment on a hard money loan and use the loan to then repair the property.After the flip sells I would pay the credit card and the hard money back with the profit.I keep everything that’s left for my next project so hopefully it’s enough to where I don’t have to use the credit card for my down payment on a hard money lender.also if their is anybody in Memphis TN that could meet up and discuss things with me it would be a great help I can’t seem to find anyone.  

If you keep the loan in your personal name, doesn't that pierce the LLC?

Hello, I'm new to this website & real estate. My name is Oscar & I live in the Florida Treasure coast. Currently, I operate in a family grocery store that belongs to my father. We are looking to get into the r...

Hey @Diane Pierce welcome to BiggerPockets!

Basically, it is a trivial thing for any decent lawyer to pierce the "corporate veil" in following the chain of title.