Recent pay history (specifically for re-performers) and seasoning are important factors in this decision. 

Quote from @Victoria OHare: Hi BP Community,I’ve been focusing lately on buying and selling residential mortgage notes, particularly first-position, performing notes.

Quote from @Victoria OHare: Hello Everyone,I’ve been focusing lately on buying and selling residential mortgage notes, particularly first-position, performing notes.

Recognizing non performing is more risky to begin with.  

A lot of people I’ve spoken with say the hardest part is trying to manage things from a distance, whether it’s trusting the right crew for renovations, finding tenants who are reliable, or just handling the small day-to-day landlord tasks that pop up when you’re hundreds of miles away.

Actively performing plumbing work for remodels, new construction, and commercial projects qualifies as a real property trade or business under the IRS definition, as these activities fall under construction or reconstruction.

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.

I’d recommend using a combination of Asana and QuickBooks.Asana (or a similar project/task manager) is great for keeping track of to-dos, setting reminders for things like utility account setups, tracking who you spoke with, and following up on tasks.

Do you have the knowledge and resources to self-perform or will you require a GC?

Quote from @Heidi Christensen: Do you use performance-based payment schedules with private lenders?