The construct of the security instrument and note will play roles into the operation and complexity of the guarantee.

As you allude to, the operating agreement will specify the member's contribution requirements, member roles, methods of "control", responsibilities, ownership stakes, rules on distributions, etc.

It's short term with clear roles.  

This house is in Trustee Sale auction, the way I understand is the Trustee (law firm) took over the Deed of Trust from the bank and acts and a new Trustee of the property.I really don't understand the role of the bank  in this auction process.

I recommend that you relieve him of the "property manager" role. 

Would certainly recommend reading the free "Ultimate Beginners Guide" to get on top of the lingo and familiarize yourself with the roles of all the different players in the  market.

I probably getting overly excited but I figure this could be a good exercise for practice.It's a SFH, one story 2BR/1Bath, build in the 50s on one acre of land in the DC metro area.

The judge's role isn't to identify potential assets of the landlord, but rather decide if you are liable in the lawsuit.

Access for the equipment will play a role.  

Hey @Orion Walker great thread you have going here and excellent exercise if nothing else.