You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

-It's been so crazy that I'm under contract for an OOS property in Indiana now with another business partner - never thought I'd see the day where I'd have to look outside of Huntsville for deals

Let's not even mention that I bet there are investors who would buy as well as wholesalers who would assign contracts in Gaza right now. 

Maintain proper records, such as contracts, settlement statements, and promissory notes.4.

@Agatha OliveiraSharing an operating agreement does not pierce your LLc and every contract you enter into the company should ask for a copy of the operating agreement to confirm the person signing has that authority

The roof might be an expense depending on the specifics of your situation.I would also get a contract and invoice for the $8000 quote that notes $1000 payments being applied from rent monthly.

But properties priced and marketed appropriately can still go under contract in a matter of days.

How good is her contract? 

I'd be letting my tenant know that their goverment is failing them.Actually, the HAP contract does say that we can charge the HA a late fee after the first two months of occupancy if reasonable and otherwise accounted for in the lease.