Similar to not co-mingle funds, you need to see the LLC as a separate legal entity (since that is what it is) and not as your alter-ego, which is one way to pierce your corporate veil.Good luck.

Other than that I'm not sure many urgent things will happen with actually maintaining your corporate formalities.

They use a home office for their, "corporate," office and generally deduct what they can though they own it outright so only can deduct a small percentage of taxes and utilities they pay on the home. 

I think Sac has "earned" its property value increase with an increase to the economy from big companies like Oracle, Apple, the MLS, etc. coming into the area, and the continued growth of new development and homes to be lived in by those corporate and state workers.

If you need the income then you want to be designated as a real estate professional and set up your corporate structure appropriately so that you can maximize deductions and minimize taxes.

You have the hospitality industry feeding on the oil/gas industry, housing the oil rig workers as well as corporate families.

Jacuzzi Corporation, which is headquartered in Chino Hills, has seen orders bubble over!

Are you one law, one riot, one tax, one corporate HQ move,  one fire, one water restriction, one whatever; from your home being devalued and being under water. 

It just doesn't pass the "logic test" when it comes to the alter-ego requirement for protecting your corporate veil.  

I got back into RE full time in January of this year in Nashville after leaving Corporate America in Dallas, TX.