If you have an LLC you have to keep keep up on your minute meetings each year and some other things otherwise your LLC is easier to be pierced by a lawyer.

@Simon Campbell @Justin Pierce Thank you both for your replies and knowledge.

An undercapitalized and under-insured LLC can be pierced, and members can have personal liability.Many lenders will require a personal guarantee of the LLC's debt, so there's no additional protection gained.If your's is a buy and hold strategy, your heirs won't get the benefit of a step up in basis upon the inheritance of LLC membership interests rather than direct interests in real property.This is not to say LLCs shouldn't be used, just other factors to consider.

The best part, it is almost impossible to sell a house like this, even a low income buyer will get scared by the home inspector.The remodel went over budget, but after 7 months of remodel agony now its time for cash flow and to hire a PM to get the place rented.

@Kelly Pierce, "Good returns" is a relative thing. 

This could impact if some can "pierce the veil" in court. 2) have good insurance on your property and for yourself. 

In any case, I think off the shelf and under maintained llc/corp will easily pierce the corp veil anyway.

Curious as to who or how other investors are acquiring their appliances?I am looking to buy a washer, dryer, and dishwasher for a C-Class unit in Tacoma and was thinking of just paying a visit to my local Lowes, but w...

@David Pierce Hi and welcome to BP.  

The idea, in theory, limit liability.Now in fact, the way most people on here talk about how they operate, that veil is going to be pretty darn easy to pierce.