I am exploring this area and have heard some noise regarding the further limitations on beach access points along the coast, creating some havoc for str owners.

You'll probably want to look into having your assets held in a living trust or some other kind of trust if wishing to avoid probate in California.As to your question about the mortgage, there's a federal law that the attorney might be referencing that generally protects transfers into a living trust from causing the need to refinance, but would need more details to discern.

I thought that I should post a follow-up to this thread. 

LLC without S-Corp status will not give you any more tax advantages.

I will say, what this guy will do with the lot split and building a 2300 sq ft home is pretty cool.

On a more common event list, would be hail, flooding and wind damage (trees esp.). 

Quote from @Bruce Woodruff:I agree with 100% on that for sure!

Try this one!

If you want to dig into this more, I’d be happy to help!

Have also seen many posts from around the country with investors having the same issues.