This is the first step towards rent control - look at the west coast cities that have done this type of thing in the past

That will depend on his intentions for his portion of the earnings - whether he wishes to hold them in the U.S.A. and control when they are repatriated - and how the LLC is operating.   

I rehabbed and rented out the house but still maintain control of the large garage for my own use.

While there are things you don't control about an appreciation play, it is hardly luck if you know what you are doing.

Additionally, the law requires that an individual specifically intend in making the transaction to conceal the source, ownership or control of the funds. 

If your contractor can't handle this, it's a pretty good sign that it's not a contractor you want to use.Sounds obvious, I know, but I have helped many out of town investors out of failing projects and none of them had these controls in place.  

Something will be done to control our Open Borders.

And dont underestimate the cost of repainting, finding tenants, tenants not paying, insurance, pest control, and a big one.....property taxes that go way way up each year.My guess from the numbers you provided, is that you would be feeding the beast a few hundred dollars a month. 

Lookup RUBS if you want more info on this.Individual control over heat in each unit is pretty major however.

When the request will be submitted you can respond to the request.If you have decided to hire a real agent or property management company to address these requests, then your job will be to control the professionals to make sure they are handling all requests quickly and competently.