So you can manage your properties held in the DST to avoid those situations (avoid insolvency and bankruptcy.) 

Monica, your wrote that this is an estate sale, I assume that's a probate estate and not a bankruptcy estate. 

Overleveraging is what got Dave Ramsey into bankruptcy. 

Big concerns are bankruptcies/repossessions/evictions and crimes against people/property.

Even if you had a family member as a non participating member, that would satisfy the legal requirements needed to get the fully protection of the LLC in regards to tax  and bankruptcy laws.

Deals are found in one of three scenarios: Either the seller is in some kind of distress--foreclosure, bankruptcy, divorce, landlord with nightmare tenants etc. 

To get into a little of the law of the PRP, Under California state statute (law) CCP 704.115, assets held in a Private Retirement Plan are exempt from creditor lawsuits and bankruptcy judgments, as long as designated specifically for retirement.No Annual IRS Filings: Yet another advantage of a taking up a PRP is that there is no need for annual Internal Revenue Service filings (IRS).Contributions are only made after they are taxed which results in a great degree of freedom for the types of funds that can be allocated in addition to very few restrictions on funding amounts.

Under California state statute (law) CCP 704.115, assets held in a Private Retirement Trust plan are exempt from creditor lawsuits and bankruptcy judgments, as long as designated specifically for retirement.No Annual IRS Filings: Yet another advantage of a taking up a PRP is that there is no need for annual Internal Revenue Service filings (IRS).Contributions are only made after they are taxed which results in a great degree of freedom for the types of funds that can be allocated in addition to very few restrictions on funding amounts.

I had to file bankruptcy two years ago. 

Also two bankruptcy filings.