You can still lose your investment in the LLC.

Good luck and hope you connect. 

Tenants will not burn the house down on purpose if you are a good landlord, and hopefully even if you are not, but tenant-landlord relationships are important and landlord is not passive.

If you lose equity on top of that, there's no escape.

Hope it helps!

Hope it makes sense and things work out for you. 

Taking the emotions out of the working relationship -  that is, my 'sympathy'for  his dad being greedy and thus losing jobs left and right because his dad insists on masquerading as a contractor despite being just a handyman limited to CA CSLB statutes that strictly limit all handymen in the state from being compensated more than what's left of $500 after materials - I realize I have reiterated with son on several occasions that CSLB limits handymen to $500 per project as the maximum for both materials AND labor per project IS the basis for fairness.I realize being told that the above (current CSLB limits )isn't 'fair' is a huge slap n the face after having given formerly father, and now currently and ongoingly the son for the past 11 months and change, steady work.Perhaps it's a sign of the times where even handymen and jobbers would rather sit around making no money than taking what they feel is 'less' pay than they could be making 'if they were' a contractor?

@Alvaro Diego SequeiraLLC doesn't give you anonymity typically.They can easily lookup who owns an LLC.People who loses a property this way have have multiple opportunities to save or redeem their property.

Living in California, you will lose your very low property tax base if you do a 1031. 

I am hoping to meet the requirements for the STR loophole and offset his income.