Without knowing a remote location well or having a quality trusted team in place, I would be very hesitant to pull the trigger on a deal like this without having ALL of my facts straight and independently verified by multiple sources.Not trying to talk you out of it.  

While rewarding and the pay is great, everytime I see my paycheck and the taxes come out, I ask myself, there's got to be another way to make enough to achieve financial independance. 

@MariaIts great that you have a private bathroom for the guest.I would certainly do a rental agreement (independently of what portal you will use).Re: background It all depends on your comfortable level.

Beginning this year I have been aggressively studying financial independence and more recently been drawn to real estate.

I don't know any Agents in your neck of the woods, but if you use a local Independent Agent they will be able to shop lots of companies for you, some of which will allow you insure for less than replacement cost.

I focus on Independence rentals, myself.

In addition, we are also pursuing Financial Independence through a mix of real estate and investment accounts. 

Financial independence, passive income, retiring early, living life to its fullest, real estate investing.

You most certainly need to know how to pencil that out with real and reliable numbers.On your last question-Do you mean to imply you have enough for a down payment plus another amount independent of  down payment which would equal to 6 months of payments.

In the past few months I read the book "Rich Dad, Poor Dad" and it jump started me into seeking financial independence.