By "VI" you mean virtual instrument?
"I'm planning to bounce each VI track"
Get use to the export function, which let you kind of "bounce" each (selected) track of your project in one go.
"...with any unnecessary reverb, delay, compression, EQ bypassed and then mix the project.
I'm not sure what that process should look like, to be honest."
If you like to start from zero, ok.
When preparing files for mixing (to another person), I export the files in a way, the session sounds exactly like mine after importing my files, no matter which DAW will be used for mixing. That means, I use the
Gain Plugin instead of
volume automation, I
create tracks of each aux channel ... .
From here the next production step can be done. This is much faster than starting from zero, but there is no right and wrong.
Should I zero out all VI track faders to make sure I get a strong signal on the bounced track?
I don't care about a "strong signal on the bounced track" in the digital world, I rather care about efficiency. (see above)
Logic 10.5.1 - Mac OS 10.14.6 • MBP 13", Mid 2012 - 2.9 GHz i7 - 16GB RAM • Mini late 2012 - quad 2.3 Ghz i7- 16GB RAM