IF not, what is the best way you'd recommend to create some asset protection here?

You are able to post questions and learn from others experience and expertise.

Unless she brings something to the table in terms of REI expertise like a background as an agent, property manager, rehabber, or has the ability to find discounted off market deals or is at least super sharp and really passionate about a starting a new career in REI or something, I don’t see any reason why RE would be a better option than speaking to Vanguard and parking it in a high yield dividend index fund, if it isn’t already in something similar.

As to your question about the LLC, this is how I break it down for people looking at real estate investing and asset protection - I call them the pillars of asset protection. (1) Avoid high liability actions [this is more of just executing common sense,] (2) find a great insurance policy, (3) compartmentalize your assets [LLCs, C Corps, etc.,) (4) separate your assets from your operations [operations contain the most liability,] (5) introduce layers of anonymity to hide your assets from prying eyes.I approach these issues from the mindset of being an investor myself, so it all has to come together in a way that is profitable.

I'll definitely be in touch as there aren't many LA folks in this network, and I'd love some of your expertise.

@Frank ZondloThe ideal combination of expertise is likely more important than the CPA's location.

Once their loan is qualified by a MLO then they are protected more from the loan defaulting and they can even sell their note to others easier. 

I'm not a lawyer so definitely double check me but this type of stuff is what forces the government to put in new regulations to protect people. 

This will protect your seller further in case of default. 

The term "seasoning " is really only applicable when you are acquiring a property or doing something else with the title/deed -- often you need to allow the title to season for a specified amount of time before a bank is willing to touch it -- banks don't like uncertainty.Regarding @Christopher Richardson's suggestion, if a private lender does not file with the registry of deeds, I don't see how they are protected from the equity in the property.