Not having your Operating Agreement could be disastrous if ever sued or audited.

Qualified home energy raters/assessors must be trained and certified as one of the following:Building Performance Institute Building Analyst ProfessionalBuilding Performance Institute Home Energy Professional Energy AuditorResidential Energy Services Network Home Energy Rater; orenergy rater, assessor or auditor who meets local or state jurisdictional requirements for conducting residential energy audits or assessments, including training, certification, licensure, and insurance requirements.How Much of an Energy Package can Be Financed?

Yearly audited financials

The accounting needs to satisfy the IRS requirement for record keeping in case you get audited.

However, this also puts me at risk of an audit. 

Within the IRS technical audit guide they specifically highlight being several hundred miles away from the property as a potential red flag. 

I will try to be as impartial as possible, but here are my notes:* The listing I picked was inaccurate.

The SEC audit or a lawsuit will cost you a lot more money in the end. 

The borello law & the ABC test are killing gig workers and the EDD is auditioning them at a voraciously pace.

If you were audited and it was determined that you bent the rules for another renter, for any reason, at any time in the past, then FHA could ding you.