A fellow investor and sometimes contributor on this forum informed me that Proper isn't writing new policies in the Smokies due to fire risk.  

My landlord at the time recommended the unit to me and coordinated the sale with the owner.

However, the City will not approve your application until they have verified with the State and County that you are properly licensed and registered there.  

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’m not a CPA – just sharing from my own experience and what I’ve seen others do.Most of what you listed (leasing, vendor oversight, GC coordination, tenant calls, site visits) should count as REP hours.

So sounds like once I go in to contract properly management would start getting involved?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊Here’s some articles we’ve contributed to BiggerPockets about screening a PMC BETTER than you would a tenant!

., time spent on guest communications, cleaning coordination, repairs, marketing, etc.).Proper documentation not only supports your position in the event of an audit, but it’s also essential for meeting the IRS thresholds for material participation under the STR exception.happy to help.

Look at reverse or improvement exchanges.If you need to buy first or make improvements, a properly structured reverse exchange (using an accommodation titleholder) or improvement exchange can keep you inside 1031 while solving sequencing issues.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.