Just because it's cheaper than CA, that doesn't mean it's going to cash flow well.

It may be cheaper to go into the meeting with a sample draft you find on the internet or networking and say "How does this look?".

@Randall Townley, @John Underwood is correct, getting quitclaim deeds from as many former owners as possible will usually end up being cheaper than a quiet title lawsuit, and cut down on the number of potential troublemakers if you do have to file QT. 

I would say look outside and look at (dollar-for-dollar) cheaper jurisdictions.

They're a little more expensive than a standard lock, but way cheaper and faster than a locksmith.Note that these are not electronic locks (although they do offer electronic versions).

Hypothetically speaking, let's say that you found a contractor that was cheaper than the rest. 

you can buy a 4 plex in killeen with that +/-that's about it unless you go out to bastrop or so... less appreciation but prices are cheaper out there

and no one advertises they do 500 mil dollar loans.. so you now know that all of those guys are frauds .. and that there is no 5% money.if you want to find out current rates for Private/HMLI like to recommend Lendinghomes website it has a easily readable pricing matrix.. and of course they are real. while you may find some cheaper money.. from say Conventus .. you also need a lot of skin in the game and you need experience.. 

Typically the value is cheaper, which is a benefit to you as the long term buy and hold investor. 

The higher end (> $4 mil) has softened, but starter SFH’s in the cheaper hoods ($1-1.5 mil) are still selling like hot cakes.