Landlord has to suffer the loss.

I want to expand to doing ten monthly flips with a few developments.

I have been to a few of these and have met Omni Casey. 

Be sure to attend your local REI meetups to build up a strong network and check out the forum topics specific to your goals.

My guess is You will need to go through a foreclosure process in this situation as a legal remedy.

STR is the way to go these days, no longer LTR. 

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

With my approach, I may want to come in around $1200 while offering as much or more than most other rentals.So, keep in mind market rent is also based on YOU and YOUR approach to pricing and how to develop the value-proposition you want to offer a tenant.  

Search my recent posts as in the last couple days I posted a list of wholesalers and agents with pocket listings that service San Diego area.  

You also want to make sure you have Replacement Value so that if anything catastrophic happens you can rebuild.