I’d like to get the advice of an attorney as I figure I have lost about $30k due to his incompetence.

. $20 says he didn't have an attorney review this purchase

I need an attorney in the Los Angeles Area to look over some wholesale contracts that I have.

See  your attorney.

@Marianne Lopez-HenthornIf you are starting any partnership, corporation or venture with multiple individuals, you should have an experienced attorney assist you with drawing up any shareowner/partner agreement and/or articles of incorporation.   

Like I said I feel pretty comfortable with the deal right now just want some input from others that have gone through the process.Obviously I would utilize an attorney who specializes in Business Brokerages to facilitate the transfer, as I want to ensure it is done properly.

NOT MUCH.. but it does keep from having call backs and if there is a water landing they know they have insurance.. at the end of 10 years our builder warranty is up.. and then on top of that I Pay 30k up front for a project policy that covers all the houses in that particular community for 10 years as well.. this is for 1 mil and basically its used to hire attorneys if we get sued for builder defect.so in essence on a new build we are paying on the 25 house communities we built the last two years total of 50 homes.. about 110k in insurance to cover us for 10 years.. the issue is the subs get sued first then the GC then me the developer  but subs being subs 6 years from now they are out of business or moved on so then its the GC's insurance then us.. 

The papers were signed by the Legal Power of Attorney.

We close with attorneys, not title companies.

You’re best bet is to work with your cpa to make the transfer and your attorney to draw the recourse / 1st position papers for your relatives.