If you're buying the property under an LLC or other corporate entity then you will potentially have the ability to be the Managing Member, and your JV partner can be a limited member, but the Lender will let you know if they want him to be a guarantor as well.

You need to make sure you operate properly to maintain your corporate veil otherwise you really don’t have the legal asset protection.

The real estate hit of 2008-2010 did not effect every area equally, migration out and immigration trends have changed as once poor areas have gentrified, corporations have come and gone, etc..  

They have a much greater cost to them than just some filing fees, both monetarily and operationally.You never get a clear answer about how to protect your corporate veil with the exception of not co-mingling funds.

We are looking to rent a residential home in greater Cincinnati at $300 above fair market value to operate an Assisted living home w/5 or less occupancy.Our company is Medicare certified and with an excellent reference from our current corporate office lease provider. 

Hello everyoneguys , if i have saved up some money and started my own business with legal entity LLC, C or S type corporation. 

Hi @David Smith, I'm kinda with Aaron on this one, more of a corporate world type of thing.

(Piercing the corporate veil is not all that hard to do in California anyway).  

If they are set up for large corporate accounts they might have too much process that causes their returns to be that expensive.  

In my layman's mind, that basically pierces your corporate veil and now you are sitting there "fat and happy" thinking you have the asset protection of the LLC but actually don't.