This shouldn't be as complicated as it sounds as every home is going to have a separate lien filed against it for a specified amount of money. 

Also, once I serve the 30 day notice, do I have to file with any court system or sheriff?

The board of the HOA has reached out to some carriers, but what they're finding is that many large nationwide carriers have a practice of not insuring clients that filed claims in the last three years. 

No different than your 401k investing into Google... you don't get to rock up to Google's offices and start touching corporate funds.Be mindful of your possible 990-T filing obligation if you use debt.

I'll continue to have a salary abroad, and will need to file taxes in 2 countries.

I’d advise you speak to a CPA as well, different trusts bring along potentially different income tax filing results.The maxmimum income tax rates on trusts are also reached far earlier than they would be on a personal income tax return.Generally trusts and LLCs serve different purposes as well (i.e.

If the demand notice is NOT served in the tenant’s preferred language, that is cause to have the potential rental eviction filing dismissed and disallowed by a judge.

After expenses and mortgage, I end up with a net cash flow of anywhere b/w $150-$250 which I find rather small, and I wonder if this could even get eaten up by tax filing time.

And you also will not be notified if legal action is taken against the property such as the seller filing bankruptcy.I am not saying to do so or to not do so, you aren't my client, I'm just making you aware of the risk.If ever the due on sale clause is called, you will find out if you made the correct choice.

You will need the LLC to be registered, get an Operating Agreement in place, and file for your EIN number.