Many VAs are now gaming the system:1) Working multiple jobs2) Outsourcing what you assign to them3) Using programs to pretend they are working4) Really don't care about the work they do, so do bare minimumIf you properly understand all this, you can interview better, track KPIs to track performance and find good workers.It's no different than screening for good tenants.

It’s a strong strategy but also full of pitfalls, so you need your CPA’s guidance on what hours count toward participation and how to stay compliant, especially in case of an audit.

The main reason is I want to invest without needing much active participation for now.

We are still seeing 80LTV cash outs with DSCRs in the 1.50+ range in several markets around the US where others aren't quite getting to 75LTV and barely breaking even. 

Don't forget that you also need to meet material participation requirement.

Quote from @V.G Jason: "you're buying barely-desirable property(likely above market rate)"This is a bold assumption and a big dump on his parade.

And in our 4 years of history we've had about 400 different people participate in our meetups. 

How to get startedCheck eligibility: You must generally have a credit score of at least 640 and meet income and purchase price limits for your county to qualify for Florida Housing programs.Complete homebuyer education: Most Florida Housing programs require you to complete a homebuyer education course from a HUD-approved agency.Find a participating lender: To access FHFC programs, you must work with a participating lender.

.• If your STRs qualify under the STR material participation rules, you could use bonus depreciation to offset W-2 income—LLC ownership doesn’t take that away since income still flows through.Cross-state strategy:• You don’t necessarily need one LLC per property—many investors group properties (by state or risk profile).• You could form a Texas holding LLC and register it as “foreign” in CA if you want uniformity, but this means you’ll still pay CA’s $800 tax per year.• A common approach: keep CA rentals in your own name with strong insurance, put TX STRs in a TX LLC, and avoid mixing states in one entity.Tax angle:• Whether you hold rentals in an LLC or personally, depreciation, expenses, and Section 179/bonus depreciation still flow through to your return.• The entity affects liability more than taxes—unless you elect S-Corp treatment for active businesses (not usually recommended for rentals).This post does not create a CPA-Client relationship.

Or you know its bad and you're trying to sell someone a deal they will barely make money, breakeven, or lose money on.No respect for either one