He bought it while in the relationship.Just want to make sure everyone is protected, especially if something happens to him since his half of the property (his parents live in and are on title for the second half) is going to his daughter.I understand that you all are not attorneys and I need to confirm with one.  

These tax protected and tax deferred retirement accounts can lock up tax revenue for many years. 2.

I know supposedly there is protection for the members/managing members unless there is fraud or a few other circumstances, but is it a 1 way street?  

There is also risk of divorce, bankruptcy or other unexpected life problems, so you need a contract to protect yourself.I would have suggested loaning him the money, but most mortgages have requirements that down payment cannot be from borrowed funds.I am honestly surprised that he can't do this deal on his own.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

As others have said, if you are investing in a syndication you will be an LP member of an LLC so you already have some liability protection.  

Rather, the plan is acquiring real estate as a means to diversify the plan's holdings and better protect and grow your tax-sheltered retirement savings. 

I'm fiercely protective of my clients and will be the first to say no this isn't a good deal for you.

Geri,Whether or not you decide on LLC/Corp ownership or keep it in you own name, having adequate limits is your best protection. 

I think this is a great way to protect yourself.