That breaks all the liability and asset protection that a LLC provides. 

As a recent college engineering grad who formerly had only been exposed to the typical American life (piling on as much debt as possible in hopes of keeping up with the Joneses), you guys have really got the gears turning in my head and have opened a new way of thinking for me.After recently obtaining a good paying job, I almost made the mistake of buying a new truck and taking on some of the other bad debt that comes with most college grads; instead, I have chosen to put my eggs in the real estate basket.

How should I protect myself ?

We will use all of the resources of the city, both legal and fiscal, to protect these tenants," Cedillo told the Los Angeles Times.

The LLC provides asset protection not taxes.  

This will streamline the process and protect you from bs down the road.

Does it get to a point where people put themselves in a bind because they just feel the need to keep the gears turning in their particular area, but the market isn't allowing those investments to be profitable?

Besides being added to the title with my family member is there anything else I should do to protect myself?

PS - The same annuity has a line saying: Protected Living Benefit Base Amount, which is even higher (say 550,000 to continue from the example).

We work with out-of-state/foreign investors consistently and the key is communication and being the type of company that is technologically forward-thinking (i.e. the ease of sharing photo/video updates and making selections for your property).Your first protection is making sure you can run the numbers for the right deal - looks like you have a good head for the numbers you need to hit, so you're on the right track already!