I fixed the roof myself out of my own pocket.I called the insurance broker  and he straight asked me if there was a damage after the hurricaine, so I said a tree fell but I fixed it myself out of my own pocket.

That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.

@Jared Appel yes Straight Up Chicago Investors Podcast is a great resource.

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

If the borrower lies about that to get an investment property loan by claiming it's for a primary residence when it's not, then that's straight up mortgage fraud, which is a felony punishable by a fine up to $1m and 30 years in prison.

Would you move in to one of the units or are you looking to have it a straight rental?

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

Doing a straight cash deal won’t work.4.  

For my first house hack, it was actually pretty straight forward. 

My straight forward thinking is, when water is turned on (slowly) I’ll pressurize all plumbing then open and clear out faucets, etc.