3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

Now that I have this amazing community, I want to know the folks here if you've ever heard of this company or worked with them?

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

You can reach out to the Title company and see if there are any funds remaining for dispersement, if so then ask if there is a way to make a claim to those funds.

Quote from @Elias Halvorson: Aloha Diandre, You will get 100 people responding on here responding they can do it and their company focuses on it.

Reason being, I hired a property management company (just now) and they're wonderful, they start officially in a couple days. 

Plus, you get huge appreciation here based on how many companies are moving and developing here! 

Do you guys think there will be regulations that will be created around this that might affect those companies, or worse smaller businesses?

I looped in the owner of the company but things are still pretty rough. 

I see Jeff S. responded he is one of the most experienced lenders  PM  lenders who owns his own company here on BP..