In an effort create efficiencies and free up time, I would like to create standard operating procedures (“SOPs”) to be performed by a virtual assistant (“VA”) to help lighten the work load so I can focus on more high impact work related to this property and other potential deals to be added to my portfolio. 1.)

My understanding is that he's over-levered himself and needs to lighten his load. 

Would be a great house hacking, STR, or primary opportunity.Address is 8369 Lightening View Dr, Parker CO, 82365

Power washing, cabin staining, weed control, lightening strikes, air fare to visit in a flash, emergency house calls, expect them to happen.

It may lighten up in the future, but your property values may be lower as well (in the COVID economy).  

So you need to schedule certain hours of the week and help your family understand that this is your 2nd job.Also time management and smart systems will make all the difference as well.Having a good power team and partners can help lighten the load.A bird-dog team, ads, signs, mailers can bring the properties to you.A quick elimination process (running quick numbers or even just starting out with the 70% rule) can narrow down the potential deals so you are only spending the more time consuming tasks like deeper due diligence at the county to find any liens, encumbrances or code violations on the property.Having great contractors and an iron-clad contract with workmanship and timeline penalties that keeps them in line can be a huge time saver when flipping.Always be thinking about how to streamline your systems and work smarter.Start with one system at a time. 

But I assume that this small cabin likely looks even smaller through wood paneling and painting it white would greatly lighten it up. 

Perhaps an initial inspection 2weeks before final may lighten the load.

You can buy a 2-4 Unit and go that route so that the other doors lighten the load off your monthly mortgage payment as well as benefit your DTI.You can go 3.5% Down on a SFR or any 2-4 Unit or 5% Down on a primary convnetional SFR, Condo, townhome. 

If you lighten the dark walls it may seem bigger and more open.