Holding properties in an LLC (or other legal entity) can offer valuable protection for your personal assets, so I understand why you went that route.

How do I protect myself in this situation, while also helping a relative? 

While an LLC offers liability protection, it does not change how taxes are reported unless treated as a partnership or corporation.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Now, I see you are in Seattle, which much like Portland, has extensive tenant protections.

This owner found a free lease template online that provided very little landlord protections. 

To protect this community, they are selective about the people bring in because we all want connect with people who are motivated, committed to the process, and excited about being part of a real estate investing community.

However, since you put the asset into an LLC, I am going assume you care about asset protection and further this discussion just a bit.My advice to you is to seek out local banks where much of their business is derived from commercial lending.

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

Asset Protection Trusts don't protect assets?