If you are doing MF or SFR read books such as MF millions or building wealth one house at a timeGet your affairs in order such as financing pre-approvals. 

In the case of LLC, which has an article of organization, every person listed is considered "member" and usually the person who "runs" the affair of the organization is "member /manager".

In January we re-signed the lease but evidently the affair was still going on.  

However, if you are able to use the high cost of living to your advantage, as you can as a RE investor there and other ways as well, you can turn that frown upside down ... on the financial side, the trick for me was to arrange my financial affairs such that the higher the cost of living gets, the wealthier I get, but I will still be ok and wealthy if that doesn't happy ... then my happiness is only limited by the 405 freeway (joke, not really), which I only need to use if I want to leave the 6th happiest city, which would almost always be by choice and not necessity, again by design :) So, I guess my point is that you can engineer your lifestyle for maximum happiness no matter where you live, and that is a worthy metric to optimize around, but some places are definitely easier to do that than others due to the nice things you can't change IMO.How is Alaska treating you?

Their personal affairs administered by court process if necessary and a custodian may be appointed.

I'm sure I'll get tarred and feathered for this, but I'm just returning from a long extending vacation and what a better way to get back into the fray but a healthy debate...I'd like to think that the posters on this forum "could see through the leaves for the trees" but given the media's love affair with bashing the lending industry, I can understand why...Sure loose lending guidelines, predatory lending practices and opportunistic lenders/brokers have an investment in the problem, but so do appraisers who overinflated values, borrowers that misrepresented incomes or miscalculated future earning potential and realtors that pushed the affordability envelope with the upsell---This being said, the sum total of these issues still doesn't hold a candle to the core drivers that seems to be remise from this thread.

Who knows your Mom and Dad may love this so much that they will want to do another and this will become a family affair.  

Most older folks should be setting up their affairs (actually everyone 'cause you don't know what can happen) and the issues I mentioned should be addressed. 2 sure things, taxes and death.

this keeps the property separate from your personal affairs.  

A good place to start reading is at the Office of Consumer Affairs.