HM lenders are concerned with loan-to value and will not want to be secured by a depreciated asset that could literally be hauled off in the middle of the night.

A few months later the mobile home dealer came and hauled the home off, saying they were the legal owners of the mobile home.

I always toy with the idea of investing in a vacation rental property in Cabo, but I am always hesitant to pull the trigger.

If you're just do'n an option say'n somebody has the right to buy.....well, heck, how are they to buy, under what terms, do the get a quit claim deed or a warranty deed, are they pay'n cash or finance'n the place, do they even get clear title and do ya get the crops on the place or do the hogs go with it if they are still there, what about that ole broken combined in the field, who hast to haul that off?

I certainly would not recommend using that cash on living expenses or toys (e.g., cars).

They appreciated from my purchase price of $79K each to $312K each within 18 months of my purchase and that was just the empty lots alone without building plans or any further development other than a one time clean up of the lots to prevent a possible fire hazard from vegetation on the lots and having to cut one or two old trees down and hauled away.

It also probably means that U-Haul is having to pay someone to get there and bring the trucks back.

"Getting to Yes" by Fisher and Ury is excellent and they use a lot of real estate examples. 

We plan to stay in this house for the long haul while we pursue new projects to kick start our real estate investing.

A set-out by the sheriff is different as a court order, after set out the stuff goes to the street and pickers usually get it in a couple days, it gets hauled off.Abandoned property may be sold to offset amounts due, not worth the trouble unless obviously a valuable item.