I'm assuming if this was an option everyone would already be doing it but I am just curious from a professional to understand why this isn't an option.I received a question from a friend that was somewhat similar to mine above which got me thinking. 

Estimated costs range from $500–$1,000 annually, depending on the complexity of their LLC and rental activity.For Partner 2 ($148K joint income, W-2, 1099 income, 1 rental, 2 kids), a CPA is strongly recommended.

I assumed he would fix it, so I didn't follow up until I received a violation notice from the city for the furnace.

You should be added as an Additional Interest so that you receive notification of cancellation.

My preference is to receive the full commission, then pay out the referral fee.

@Jorge Liang  I believe in CA the LLC fee is $800 annually, so factor that in too.

You say the bill you received was 3 - 4 TIMES what is normal.  

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.