It also allows the manager to work directly with the insurance company to resolve issues efficiently.In Texas, this is part of the standard Texas Board of Realtors Property Management Agreement and is considered an industry best practice.

My real estate goals include investing in long-term rentals with the potential for mid-term rentals, leveraging my spouse’s career as an OT in the healthcare industry.

Other commercial and industrial is fine.  

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

It’s awesome that you want to use your downtime to learn more about the industry and make some extra income as a VA.

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

For sure AI follow up, re-engagement, and appointment setting is a huge trend coming into the real estate industry across the board. 

Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule?

When I see deals that do pencil for an investor, the LTV is 60% or less (I deal with mostly retail and industrial). 

My suggestion is to find some real estate industry surveys (via CBRE or others) and look for the MF cap rates in various cities/states/regions.