All expenses that are administrative.  

Your third-party administrator and/or plan provider should be helping you set this up. 

The answer is...this should be the result of a deep conversation between you and your attorney and tax professional.I see way too many people set up a structure that adds $1,000 in annual compliance costs and administrative overhead when they only have $100k worth of rental real estate. 

Because that is where we are moving towards as costs of new unit construction increase exponentially via the trinity of cost increases (material, labor, administrative). 

The lesson I’ve had through observing the Trump administration is: They tell you in advance what they are going to do and they more often than not follow through.”ah.... there's truth in that.

I don't currently have a virtual assistant and really they seem to be used to do more administrative tasks but the podcast often talk about them also being able to take calls at all hours (some of them are in other countries where labor is cheaper). 

Challenges were the administration for all the moving parts of the project while working full time and getting the property reappraised when the first "drive-by" appraisal came in low.

Challenges were the administration for all the moving parts of the project while working full time and getting the property reappraised when the first "drive-by" appraisal came in low.

I'm tired of being someone's administrative assistant. 

Muy recommendation is to be an agent, learn the ropes for a few years, see what a good broker does for you (leads, training, administrative requirements) and then see if that is the direction you want to go.