California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

He has to give you notice and is giving you excessive notice to be nice?  

Income of $4900 a month should give property value of excess of $900,000 with locale Cap Rates.  

Reduce your exposure from a liability perspective.

However, he takes excessive time for coffee and reading in the morning, shows up whenever he wants, takes long lunch breaks, takes twice as long as a competent handy man, quits early and frequently takes multi-day vacations without notice. 

I guess there are some large families out there, but 8-10 people in a 2000 square foot house sounds a bit excessive. 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

You have a four bedroom rental.I tend not to like larger rentals because there is excessive maintenance for larger spaces. 

They don't know that the going par wholesale VA rate is actually more like 4.25% (again, % lower today), and that half a percent is pure sweet sweet excess profit on the back of a veteran homeowner.In the wholesale channel (ie, call an independent mortgage broker) differential profit margins by loan type is illegal.

In my opinion, that would be your opportunity to address any of the short-comings that the property might have; do you need to make repairs, clean, take new photos, more marketing exposure, easier access for property showings, re-lease a unit, adjust the price - any/all of these activities you would want to do WHILE you are off the market so that when you come back on you have a new "story to tell".