During a friendly conversation I asked one of my property managers for recommendations on areas with the most growth potential and ended up buying two homes there.LLC get expensive if you’re thinking of opening one for every property, plus it’s a lot of work to make sure they can’t be pierced.

I can imagine you could run the risk of piercing the corporate veil... you would have to pay a fair rent into your company bank account and leave it there unless otherwise documented in some kind of operation agreement... and only pay out your salary etc

Originally posted by Chad Pierce: Kurt K.

Do an Internet search of "piercing the corporate veil".

Yes, speak with your attorney, but LLCs generally are designed to protect its owners from personal liability, but people (i.e. tenants, etc.) can try to claim your LLC is just your alter ego if you are a single-member LLC (piercing the corporate veil) so they can pursue you personally. 

Snohomish and Pierce are far friendlier and much more realistic towards landlords.

We have multiple places in South King and Pierce County.

If there's anywhere in the Puget Sound where there is still some margin for profit it may be Tacoma, and the rest of Pierce County.

. $250K can get you a SFR in Pierce County (Tacoma,Puyallup,Lakewood,Fife), Possibly in the outskirts of Snohomish.

@Caleb HeimsothThere are two problems with having no liability insurance on a rental property: it's very hard to borrow money on the property without insurance on it and when you get sued for something that happened on the property, the lawyer does not have a policy to go after and will have to go after all your combined assets.A lot of inexperienced rental owners believe that as long as they have the property in an LLC, they've kept themselves safe, because that's what a lot of salesmen tell them, a whole lot of baloney about not "piercing the corporate veil."