To your point, lawyers don't get any cheaper because of the asset price either.

The reason many out of state landlords fail is because its a new investor, talking to a realtor, PM, banker, inspector, lawyer, and or CPA that he doesn't know, on a subject doesn't know much about. 

I see you are in CA, assuming the property you are using as security is in CA, consider a standard deed of trust which you can download from any title companies website, e.g, Lawyer's Title. 

A lot of lawyers look for condos approaching their statue of limitations just to drum up business.My boss says when the apartment model stops working because of land basis and everyone starts building condos we are reaching the end of a boom cycleIt is hard to advise on any code related issues but doing lofts with their own individual entries makes them more desirable to a lot of people but may not work in deep building footprints.

He explained that if his buyer did not perform all the proceeds go directly to the company lawyers and that they did not receive any.

If your last name is "Jones," your trust can still be called the "Smith" Living Trust, and you can do this right at closing, meaning that "Jones" never appears in public records at all (a trick celebrities use, or so I hear, after paying a lawyer a zillion dollars in fees to learn about it...).

Having said that, you'll need a lawyer familiar with exchanges, most aren't.

So you need both a CPA and a lawyer to advise you.

Hello Keith, I would suggest that you speak with a lawyer in your area.

Doctor/lawyer/Indian chief.