@Elehue Pierce, I buy 100 to 400 unit deals and the closing costs range between 3 to 5% of the purchase price.

When you comingle funds, you are allowing potential plaintiff's to "Pierce the corporate veil" and there is no longer limited liability.   

It says more about you than it does me.Some like outlandish shoes and some figure it's appropriate to have piercings in different places.You can change your shoes and fill on the holes.

Well, I will say that I have chatted with several litigators and they have told me it isn't that hard to pierce the LLC.

If you have too many transactions on your personal bank account for items that are linked to the property, it is possible that in a lawsuit, the person suing can "pierce the corporate veil" and go after your personal assets.

The LLC can protect your other assets if the veil of the LLC is not pierced. 

Quote from @Pierce Mooney: I am also wondering about short term rental planning strategies.  

It is easily pierced, and in order to even have a shot of it protecting, you need to make sure you have all the reporting done on time all year long like meetings, minutes, etc....need an attorney to manage that or at least get you started on the right road. 

That is a legal matter, but still has "accounting" elements in it since something such as co-mingling funds will pierce your corporate veil. 

@Jay Dhanak- thanks and welcone to the PNW - you will liekly need to look on the  edges of  Snoh / Pierce  counties to  find something that  works .