Anything beyond that makes me wonder if he might stay too involved.

Taxpayers within these zones are automatically granted this relief without needing to apply, offering some respite as they focus on rebuilding their lives.

If you gift a house, the fair market value (FMV) at the time of the gift applies to the lifetime gift limit—not the amount you purchased it for.

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

Question is: if I have one of these LLC (owned husband and wife, in a non-community property state), but it's a just a passive LLC - such that all it does is owns public securities (ie, our brokerage accounts are titled in the name of the LLC), does the same rule apply?

This only applies to 3-4 unit properties.I think you are on the right track, as this is an equity play.

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

One option I have is to demo and rebuild the house using insurance money but it will take about a year and lot of involvement.

Apply pressure and add economic industry on/to Panama and have them do. 

And having a property manager does not mean that you’re not directly involved with a lot of issues with your properties.Given your situation I might rather suggest a REIT investment where you get exposure to the category, but not have to deal with such a large portfolio, or just get your feet wet and see if you like being a landlord by buying a couple of properties  Randy