I will be sure to talk it out with everyone involved to be sure I don't make any rash decisions.  

Having your son involved in the loan, title, and insurance policy does have both benefits and drawbacks.

- If a partner needed to be brought in, how many JV projects would I need to be "involved" in to show a track record?  

I am planning to get my license as soon as I turn 18 and I was wondering if there is any way I can get involved in real estate while being under 18 and with no license but I also want to get paid?

There will be a promissory note drafted for the amount and the duration and interest rates.Is there a risk involved? 

The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.

What areas are you interested in getting involved in and what strategy (househacking, fix & flips, buy & holds, etc)?

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

The LLC doesn't actually own the asset and most real estate lawsuits involve the actual property, so I'm unsure that it's providing you protection. 

Quote from @Jerry Zhang: Hi,I spoke with a multifamily seller recently, and he told me that he was involved in a class action lawsuit with Pace Morby with the nature of it seemingly around the Sub-to deals he structures.