.$40k a year to invest consistently is certainly enough to snowball you into financial independence down the road (depending on what your FIRE number is).

I doubt it because instead of an NOD, you'd be looking at an NOS or NOTS (Notice of trustee sale), which is a public filed document that tells the world what the the schedule auction date is.If the daughter (Or any heir/successor) cannot establish themselves as a legitimate successor in interest, they risk losing the property at sale.Unfortunately, probate is independent of the default so, even if the property is in probate, that alone will not stop a sale, or even postpone one.

It's all for building a better future so we can meet our goal of replacing the W2 income for financial independence and move overseas to Colombia.

If you are doing long term rental, I would recommend having the guest sign a rental agreement and make sure you independently review their photo ID.

For an insurance agent I would recommend talking to multiple Independent Agents. 

I would recommend working with an independent insurance agent (think of anyone but State Farm, Progressive, etc.). 

Loans require a personal guarantee (you) independent of the LLC and place a lien/trust deed on the particular property you're financing independent of who holds it.Idea of an LLC is to limit recourse.  

Every deal is different and has its own issues that can affect the numbers You should evaluate every deal independently based on your criteria an actual income, expenses, comps, renovation cost etc.

I'd weigh that factor.4) You have someway to identify independently whether this is a "good" deal in that marketplace?

My goal is to transition out of a 9-5 to be an independent investor and owner.