What made you interested in investing in this type of deal?

I know that California is a Deed of Trust state so I am looking for information on how I can go about marketing (I was thinking about knocking on doors first), speaking with these type of sellers and the acquisition part overall.So a couple questions that I have are..What's the difference between Notice of Default and Notice of Trustee sale?

The type of info these agents will need are:1. copies of the existing policies2. loss history for the past 5 years for each property and your personal coverage.  3.

All depends on how active or passive your REI type is. 

Understanding the nuances of the "A to B, B to C" close, the contracts including assignments, what types of financing one can get for each property, etc.

Depending on the type of trees we can also receive income from multiple companies once trees are producing.

Look for a RE attorney experienced with those type of transactions.  

Keeping some type of emergency fund is important to have a buffer.

It sounds like you may have a reason for citing that number, I'd recommend that you work on articulating what the real underlying reason is.I have found that entry level housing, the type that attracts families that are moving up from apartments, leads to great long term tenants.

Decide on the type of rental (long-term, short-term, etc.) and the rental rates for each room.5.