You always want to be saving up to do the deal yourself, up and until the time a trusted friend or colleague presents themselves and a scenario like that could work.

Hmm, Will you be paying for the time spent driving in LA traffic to view the property for you?

Tenant will pay for installation costs and provide receipts as evidence;2.

You want to lift something up but not pay someone else to do it first. 

In my state that would be an expensive change as I would be paying state transfer tax on the move along with other costs plus I would need to consider whether I wanted to buy title insurance on the property for the new LLC.

When you have your first issue, I'd have a trusted plumber (reach out if you want a good one) that can come same day to make the repair and can quote the replacement in its entirety; that person will usually give you the best pricing given that they're already there. 

I already secured a NQ mortgage; therefore, the deal will be closed under a LLC or land trust.

Depending on how you are planning to pay your friend  the profit out of the transaction.

IfIf you do not know what you're doing with accounting, which most people don't, I would recommend that you simply bite the bullet and pay someone to handle it.

Buy rentals OOS that pay for your life in FL, exactly what I do.