If your LLC gets sued, and you are the single owner /managing member of the LLC, count on the plaintiff lawyer piercing your corporate shield.LLC for a small investor is like a nice vanity plate on your Ford Pinto.

@John Pierce Thank you for your response. so I’d have to have tax returns for 2 years for the traditional loans, is that correct ?

Hey "BP", my wife and I are looking for a real estate attorney around the Orting Washington area (Pierce County).

@Thomas Kwan  While I have never come across a 401k being pierced since it falls under the trust umbrella for lawsuits brought against the plan assets, some will invest the solo 401k funds in an LLC thinking that they will get an extra layer of protection. 

You want to make sure it's hard for anyone to "pierce the corporate veil" so if anything happens at the property and someone wants to sue the owners, they can only reach the LLC and not your personal assets. 

I own investment properties and work in Pierce county/Tacoma so let me know if you want to chat sometime. 

Wisconsin Bank & Trust,  Nick Pierce

ThanksWith the typical disclaimer of check with a qualified attorney, a personal guarantee does not pierce the veil because it is between you (your company) and the lender.

My wife and I have BRRRR'd properties and own multifamily rentals in Pierce County.

In my over two decades as an investor, I have had an attorney try to "pierce the corporate veil" one time.