These are in the category of “Commercial Loans”, and are not regulated in the same manner as Residential Mortgages.

We all are taught in the real estate training what to do but I'd like to hear what people REALLY do, what works, and best practices.

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Nothing contained in this chapter shall be construed as authorizing a real estate broker or salesperson to perform any service constituting the practice of law.

Is this a normal practice/fee?

If you have a huge list then maybe pc's would be more practical. 

The recognize the lack of cash flow and high regulation of coastal urban markets.

Deposit is practically evaporated already...Help

I've been to a landlord bootcamp run by Atty Tristan Pettit, who my usual, all purpose attorney AND another attorney I know who also practices general business related law both said is definitely the best LANDLORD'S attorney in town and the guy to call if you're in any sort of serious landlord/tenant dispute or any serious case related to being a landlord where the stakes are high enough to make darn sure you've got the best possible representation due to what you could lose if things go the wrong way!

@Nathan Galvan If this is going to be an investment I would start learning all you can about the numbers side of REI, and start practicing what will make sense when it comes to calculating costs.