I did grow up in the woods of Northwestern NJ though (Montague) so I have a deep affinity for nature and animals too. 

Her I have to put 50k just as a cash-down and get money lenders... 2 different animals!!! 

I am a certified aerospace coating specialist and I only make 32k a year and I'm looking to get into real estate investing to quit my job and make more money for my family.

Los Angeles is a different animal that many markets where houses are selling for much less money for much more home.

@Andrew Bertram: You should not remediate but coat it with a very secure and thick paint that seals in all the asbestos fibers, which are the source of the problem.

However, between demo and skim coating walls, buying materials, working a W2 job and spending time with the family, I was able to find another deal in my new farm area. 

I sent an IM message and invited Bill Bronchick to try and get a lawyers perspective

Thanks Nick for not sugar coating this post and really opening eyes to this (It opened mine at least) I do hope you bounce back from this

There is nothing special that needs to be done just because the house is in probate, and the PR doesn't have to wait until the house clears probate to sell.What makes "probate deals" another animal is 1) finding the PR,(and here it appears you have an in) and 2) the fact that often times the real property must be sold and quickly to pay off the taxes, then 3) most of the time the heirs have no interest in owning the property and the proceeds they get from the sale are "found" money.All of those things combined tend to make for good deals without a lot of competiton.

My plans were to clear it and put a rental piece of property on it and give someone an 1 acre for animals or farming.