@Gabriel MartinezI would not recommend that type of insurance personally.

One person may take the “it adds perceived value”approach, while the other is cost conscious.  

We just got disinterested after that due to our distance away and lack of being able to search for property in person.

Do you mean that after the signing, he wouldn't send some money?

How do I make more money in Real Estate,  I believe AI would come up with STRs as an alternative.  

You might talk with a real estate/estate attorney and see if it's possible to open a probate, have a Personal Representative appointed and obtain an order from the court authorizing the sale of the property by the PR with the proceeds being deposited into the registry of the court for later distribution when all the heirs are identified. 

If you're going Conventional, you'll need to take title personally (not in an LLC).DSCR loans are pretty friendly towards STR setups, but you wont be able to stay in/use the property at all if you get a DSCR loan.

I wouldn't have to borrow the money. 

The rich get richer, and like George Carlen said--it's a great big club...But given that....don't see the glass as half empty, instead see it as half full.If you want to be a big fish (accredited investor) RISK your investment money in things you think will get you to that goal.

I'm not sure where to start with private money or hard money lending when it comes to covering rehab costs on a rental property that we already own.