So you're basically against the concept in general, not just for this property?

If they have not held a property 10, 15 + years they have no true concept of cash flow.

However, we soon realized that as big as our family is we're not using the property to its full capacity so that's when our daughter, who is also our property manager with with our long term rent/least portfolio, introduced the idea of the vacation rental concept.

Many of the concepts are quite relatable given my experience as a mortgage lender, buy & hold and flip / JV investor. 

What I found helped me accelerate quickly was learning management skills along with real estate tools (concepts of buy and hold, notes, flips, lease options, etc.).

I have read articles in the Wall Street Journal about the home market in Southern California.

The handyman ad hoc concept is fine, until no one can reach the handyman - or that handyman injures himself on the job....or worse yet....the work that handyman does injures your tenants.  

You need a lawyer to sort this out for you.. and not the ones who are doing your current LLC work, if they agreed with you to do this without explaining the limited liability protection concept.. they are a bad lawyer.

Learn how to buy, barter and re-sell the stuff you buy before transitioning to real estate. the concept us the same but a much safer path to success.

I need someone who is experienced to literally walk me by the hand, the reason I'm asking is because I read and read and I'm not quite getting the concept because I can't yet envision the process unless I'm actively doing it.